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The Market as a Social Institution — Sociology STD 12 Humanities — Question

CBSE BoardEnglish MediumSTD 12 HumanitiesSociologyThe Market as a Social Institution2 Marks
Question
What are the basic features of capitalism?
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Answer

  • Means of production are privately owned.
  • To accumulate profits.
  • Earn profit by paying less to the workers.
  • Commoditisation/consumption/commodification.

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