The Market as a Social Institution — Flashcards
Madhya Pradesh Board · Class 12 · Sociology
88 flashcards for The Market as a Social Institution (Madhya Pradesh Board Class 12 Sociology) to test yourself on key terms and facts.
Interactive on Super Tutor
Studying The Market as a Social Institution? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for flashcards and more.
Free trial, no card needed.

Learn better with visuals Super Tutor pairs illustrations like this with notes and quizzes for The Market as a Social Institution.
समाजशास्त्र और अर्थशास्त्र में बाजार शब्द का क्या अर्थ है?
Answer
बाज़ार का अर्थ हो सकता है एक भौतिक स्थान जहाँ ख़रीद-फ़रोख़्त होती है, ख़रीददारों और बेचने वालों का जमावड़ा, व्यापार का क्षेत्र जैसे कार का बाज़ार, या किसी उत्पाद या सेवा की माँग। व्यापक अर्थ में यह पू…
What does the word market mean in sociology and economics?
Answer
A market can mean a physical place where buying and selling happen, a gathering of buyers and sellers, an area of trade such as the car market, or the demand for a product or service. In a broader sen…
Why is the market called a social institution?
Answer
The market is called a social institution because it is organised by social groups, linked to caste, class, kinship, trust, and other institutions, and works in culturally specific ways. It is not onl…
बाजार को सामाजिक संस्था क्यों कहते हैं?
Answer
बाजार को सामाजिक संस्था इसलिए कहा जाता है क्योंकि यह सामाजिक समूहों द्वारा संगठित होता है, जाति, वर्ग, नातेदारी, विश्वास और अन्य संस्थाओं से जुड़ा होता है और सांस्कृतिक रूप से विशिष्ट तरीकों से काम कर…
बाजार अर्थव्यवस्था के बारे में एडम स्मिथ ने क्या तर्क दिया?
Answer
एडम स्मिथ ने तर्क दिया कि बाजार अर्थव्यवस्था व्यक्तिगत आदान-प्रदान या लेन-देन की एक श्रृंखला से बनी है, जो स्वचालित रूप से एक कार्यशील और व्यवस्थित प्रणाली बनाती है। विचार यह है कि खरीद और बिक्री के क…
What did Adam Smith argue about the market economy?
Answer
Adam Smith argued that the market economy is made up of a series of individual exchanges or transactions, which automatically create a functioning and ordered system. The idea is that many separate ac…
What was modern economics originally called?
Answer
Modern economics at its origin was called political economy. It focused on understanding how markets work, how prices are determined, and how economic activity develops in society.
आधुनिक अर्थशास्त्र को मूल रूप से क्या कहा जाता था?
Answer
आधुनिक अर्थशास्त्र की उत्पत्ति में इसे राजनीतिक अर्थव्यवस्था कहा जाता था। यह इस बात पर ध्यान केंद्रित करता था कि बाजार कैसे काम करते हैं, कीमतें कैसे निर्धारित की जाती हैं, और समाज में आर्थिक गतिविधि …
+80 more flashcards
Practise AllFrequently Asked Questions
What are the important topics in The Market as a Social Institution for Madhya Pradesh Board Class 12 Sociology?
How many flashcards are available for The Market as a Social Institution?
How should I revise The Market as a Social Institution for the Madhya Pradesh Board Class 12 board exam?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for The Market as a Social Institution
Practice Quiz
Test yourself with a quick quiz
Important Questions
Exam-style questions with answers
Revision Notes
Key points for last-minute revision
Chapter Summary
Understand the chapter at a glance
Concept Maps
See how topics connect
Study Plan
Step-by-step plan for this chapter
Syllabus
What topics to cover
NCERT Solutions
Every textbook question solved step by step
For serious students
Get the full The Market as a Social Institution chapter — start free.
Quizzes, flashcards, an AI doubt solver and a study plan for Madhya Pradesh Board Class 12 Sociology. Free to start, no card needed.