Humanities/Arts Exam > Humanities/Arts Notes > Sociology Class 12 > Question for Practice - The Market as a Social Institution
Question for Practice - The Market as a Social Institution | Sociology Class 12 - Humanities/Arts PDF Download
2 Marks Questions
1. Define Capitalism.
2. What is Consumption?
3. Define Laissez-faire.
4. What is Marketisation?
5. What is Virtual Market?
6. Define Colonialism.
7. Mention the ways in which the World is increasing by getting connected.
8. Differentiate between subsidies & support prices.
9. What is meant by the phrase “invisible hand”?
31 [Class XII: Sociology]
10. What is Surplus value?
11. What are hundis?
12. What is Globalisation?
13. Distinguish between Liberalisation and Globalisation.
14. What is labor power?
15. Define Class
4 Marks Questions
1. Explain Commodification with examples.
2. Explain jajmani system.
3. How do caste & kin networks contribute to the success of a business?
4. How did the advent of colonialism in India produce a major upheaval in the economy?
5. Explain the status symbol.
6. How does a sociological perspective on markets & differ from an economic one?
7. What are some of the processes included under the label “globalization”?
8. What is a Sociologist’s view on markets as social institutions?
6 Marks Questions
1. In agrarian societies, periodic market is a central feature of social & economic organization. Explain.
2. What are the arguments for & against globalization? Explain.
In your opinion, will the long term benefits of globalization exceed its costs? Give reasons for your answer.
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FAQs on Question for Practice - The Market as a Social Institution - Sociology Class 12 - Humanities/Arts
| 1. What is a market as a social institution in humanities and arts? |  |
Ans. A market as a social institution in humanities and arts refers to the concept of viewing the market as a cultural and social construct, rather than solely an economic entity. It acknowledges the influence of social, historical, and cultural factors on market dynamics, such as the values, beliefs, and practices of individuals and communities.
| 2. How does the market function as a social institution in humanities and arts? | |
Ans. The market functions as a social institution in humanities and arts by facilitating the exchange of goods, services, and ideas within a society. It provides a platform for artists, artisans, and creative individuals to showcase their work and connect with potential buyers or consumers. It also influences cultural and artistic trends, as market demand often shapes the production and distribution of artistic creations.
| 3. What are the social impacts of the market as a social institution in humanities and arts? | |
Ans. The market as a social institution in humanities and arts has several social impacts. It can contribute to the preservation and promotion of cultural heritage and diversity by supporting traditional artisanal practices and indigenous art forms. It can also foster social cohesion and community development by creating spaces for interaction and dialogue, such as art galleries, craft fairs, and cultural festivals.
| 4. How do social factors influence the functioning of the market as a social institution in humanities and arts? | |
Ans. Social factors play a significant role in shaping the functioning of the market as a social institution in humanities and arts. Cultural norms, aesthetic preferences, and societal values influence the demand for certain artistic styles or genres. Additionally, social networks and relationships play a crucial role in the distribution and promotion of artistic creations, as word-of-mouth and social media recommendations can significantly impact market success.
| 5. How does the market as a social institution in humanities and arts contribute to economic development? | |
Ans. The market as a social institution in humanities and arts contributes to economic development by generating income and employment opportunities. It supports the livelihoods of artists, artisans, performers, and other creative professionals. Additionally, it attracts tourists and visitors, promoting local businesses and the overall economy. The market's cultural and artistic offerings can also enhance the attractiveness of a region for investment and economic growth.
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