Question

Market as a social organisation

Answer 1

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▶Sociologist view markets as social institutions that are constructed in culturally specific ways and are socially 'Embedded' eg weekly tribal haat and traditional business community. ... 'Virtual Market'—A market that exists only electronically, and conducts transactions via computers and telecommunication media.

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Answer 2

Answer:

Explanation:

Sociologists view markets as social institutions that are constructed in culturally specific ways. For example, markets are often controlled or organised by particular social groups or classes, and have specific connections to other institutions, social processes and structures.