The Market as a Social Institution

The Market as a Social Institution

Question

How are weekly tribal markets socially embedded?

Answer

People from surrounding villages come to sell their agricultural or other produce and to buy manufactured goods in these markets. Money-lenders, entertainers and a host of other specialists offer their services to local people in there markets. These people come from outside the local area. Thus, these markets exhibit a mass gathering on each week day and an organised society of buyers and sellers is formed A number of people come to meet their kins, to arrange marriages and exchange gossips in these markets.

More Chapters from The Market as a Social Institution