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The Market As A Social Institution
How had weekly markets in tribal areas incorporated into the wider regional and national economies during colonisation?
These were opened by building roads, pacifying tribal rebellions (radicals) and traders, money-lenders and other non-tribal people from plains entered into these areas. It transformed the local tribal economy as they got money for their produce from these people and several new goods came for their consumption. Tribal people were given employment as labourer to work on plantations and mines.
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What is meant by the phrase 'invisible hand'?
How does a sociological prospective on markets differ from an economic one?
In what ways is a market-such as a weekly market a social institution.
How many caste and kin networks contribute to the success of a business?
In what ways did the Indian economy change after the coming of colonialism?
Explain the meaning of commoditisation with the help of examples.
What is a status symbol?
What are some of the processes included under the label globalisation?
What is meant by liberalisation?
In your opinion will the long term benefits of liberalisation exceed its costs? Give reasons for your answer.
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