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In the NCERT Sociology book Indian Society (Class 12, Chapter – “The Market as a Social Institution”), you explore how markets are not just economic spaces but also social institutions that shape relationships and social interactions.
You learn about different types of markets such as weekly rural markets, urban markets, and global markets. The chapter explains how globalization, liberalisation, and consumer culture influence market systems in India.
This chapter strengthens your analytical and critical thinking by helping you understand how economic activities connect with social structures. It enhances your observation, research, and communication skills while developing awareness about the social impact of markets and globalization.
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G12
Sociology
Thinking Skills
Life Skills
Organisational Skill
Decision Making