The Market as a Social Institution · Class 12 Sociology · Chapter 4
🛍️ The Market as a Social Institution
CBSE Class 12 Humanities & Commerce · Sociology · Chapter 1
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📖Notes Deck
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Download PDF →Top question patterns · CBSE annual / SQP aggregate
| 85% | Market as a social institution (haats, Nakarattars, jajmani) — Define sociological vs economic view; haat + Gell + Dhorai; Nakarattar hundi; jajmani; close with stock exchange. | 5 MARKS |
| 65% | Weekly tribal market (haat) / Alfred Gell on Dhorai — Periodic market; Gell's Dhorai study; layout maps hierarchy; outside traders penetrate tribal economy. | 3 MARKS |
| 70% | Commodification + conspicuous consumption — Marx → capitalism → commodification (organs/surrogacy/knowledge); Veblen → status display. | 5 MARKS |
| 60% | Colonial transformation of Indian markets — Commercial agriculture + opium + deindustrialisation + new institutions; close with continuity-and-change. | 5 MARKS |
| 55% | Globalisation/liberalisation (1991) and markets — Coca-Cola/Pepsi return + IT/BPO outsourcing + new consumer culture + new vulnerabilities. | 3 MARKS |
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