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Chapters
2: The Demographic Structure of the Indian Society
3: Social Institutions: Continuity and Change
▶ 4: The Market as a Social Institution
5: Patterns of Social Inequality and Exclus
6: The Challenges of Cultural Diversity
![NCERT solutions for Sociology - Indian Society [English] Class 12 chapter 4 - The Market as a Social Institution - Shaalaa.com](/images/9788174596529-sociology-indian-society-english-class-12_6:5f7b051e6d7f442aa777ae643d7a2bbe.jpg "NCERT solutions for Sociology - Indian Society [English] Class 12 chapter 4 - The Market as a Social Institution")
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Solutions for Chapter 4: The Market as a Social Institution
Below listed, you can find solutions for Chapter 4 of CBSE NCERT for Sociology - Indian Society [English] Class 12.
NCERT solutions for Sociology - Indian Society [English] Class 12 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.
Solutions for 4: The Market as a Social Institution
NCERT solutions for Sociology - Indian Society [English] Class 12 chapter 4 - The Market as a Social Institution
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Concepts covered in Sociology - Indian Society [English] Class 12 chapter 4 The Market as a Social Institution are Introduction to the Market as a Social Institution, Sociological Perspectives on Markets and the Economy, Understanding Capitalism as a Social System, Globalisation – Interlinking of Local, Regional, National and International Markets.
Using NCERT Sociology - Indian Society [English] Class 12 solutions The Market as a Social Institution exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in NCERT Solutions are essential questions that can be asked in the final exam. Maximum CBSE Sociology - Indian Society [English] Class 12 students prefer NCERT Textbook Solutions to score more in exams.
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