Practicing Success

Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:
What is a sociological approach to studying markets?
Options:
Markets are constituted in culturally specific ways.
Markets are separate from other socio-political institutions. The market has its own rules.
The market is always related to economics.
The market is connected with religion and religious institutions.
Correct Answer:
Markets are constituted in culturally specific ways.
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