The Market as a Social Institution

The Market as a Social Institution


What are some of the processes included under the label globalisation?


These processes are Business Process Outsourcing (BPO) industries Eg. call centres, software services industries, virtual markets, E-male services etc. These all processes are increasing extension and integration of markets around the world. Business processes in NASDAQ, Bombay stock exchange, Delhi Stock Exchange etc. also fall in globalisation phenomena. Under globalisation, flow of commodities, money, information and people las also development of computers, telecommunications and transports are the trends which have integrated the world markets.

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