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Identify the appropriate term from the given options and rewrite it against the given statement: Globalisation, Moksha, Lesbian, Weaker sections, Urban community, Gay It is a market-based economy. - Sociology

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Question

Identify the appropriate term from the given options and rewrite it against the given statement:

Globalisation, Moksha, Lesbian, Weaker sections, Urban community, Gay

It is a market-based economy.

One Word/Term Answer
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Solution

Urban community

Explanation:

Cities/urban communities are organised around markets and financial systems, and marketisation (production and exchange driven by supply, demand and profit motive) is an essential feature of urban centres.

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2023-2024 (July) Official Board Paper
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