what are the different ways in which nakarattar trading and banking activities are linked to other social structures
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m small migranttraders to merchant bankers to industrialists, illustrates the importance of thesocial context to economic processes.4.2 UNDERSTANDINGCAPITALISMASASOCIALSYSTEMOne of the founders of modern sociology, Karl Marx, was also a critic of moderncapitalism. Marx understood capitalism as a system of commodity production,or production for the market, through the use of wage labour. As you havealready learned, Marx wrote that all economic systems are also social systems.Each mode of productionconsists of particular relations of production,whichin turn give rise to a specific class structure. He emphasised that the economydoes not consist of things (goods circulating in the market), but is made up ofrelationsbetween people who are connected to one another through the processof production. Under the capitalist mode of production, labour itself becomes a social structures.
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