Chapters
Chapter 2: The Demographic Structure of the Indian Society
Chapter 3: Social Institutions: Continuity and Change
Chapter 4: The Market as a Social Institution
Chapter 5: Patterns of Social Inequality and Exclus
Chapter 6: The Challenges of Cultural Diversity
Chapter 4: The Market as a Social Institution
NCERT solutions for Class 12 Sociology - Indian Society Chapter 4 The Market as a Social Institution Exercise [Page 79]
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.
Chapter 4: The Market as a Social Institution
NCERT solutions for Class 12 Sociology - Indian Society chapter 4 - The Market as a Social Institution
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Concepts covered in Class 12 Sociology - Indian Society chapter 4 The Market as a Social Institution are Sociological Perspectives on Markets and the Economy, Understanding Capitalism as a Social System, Globalisation – Interlinking of Local, Regional, National and International Markets.
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