The Market as a Social Institution
Class 12 · Sociology · 14 Questions
What are the new circuits of goods, services, money, and people that have been created at Pushkar because it is now a part of the international tourist circuit?
How do you think the coming of large numbers of foreign and Indian tourists has changed the way in which this fair operates?
How does the religiosity of the place add to its marketability? Can we say that there is a market for spirituality in India?
Can you think of other examples of how religions, traditions, knowledge, or even images (for instance, of a Rajasthani woman in traditional dress) become commodities in the global market?
What is meant by the phrase 'invisible hand'?
How does a sociological perspective on markets differ from an economic one?
In what ways is a market – such as a weekly village market – a social institution?
How do 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.