CH: 4 THE MARKET AS A SOCIAL INSTITUTION

  • Market - places where things are bought and sold.
  • Now ‘the market’ in a general way without referring to any particular place, gathering of people, or field of commercial activity.
  • ‘The market’ is almost equivalent to ‘the economy’.
  • The market as an economic institution
  • Market is also a Social Institution.

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Chapter 4 : Market as a Social Institution

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1 comments:

  1. can you please provide with the notes of ch 5 and ch6 as well, i find your notes incredibly helpful

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