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Procurement of services
Business Business, at its core, is a form of exchange, a practice as ancient as human society itself. As social beings with specialized skills, we rely on each other to fulfill our diverse needs. This necessitates the exchange of goods and services, giving ri...
3 Modes of exchange
Relational Exchange: Sustaining Business Through Connections Relational exchange stands as a fundamental and arguably the most natural form of business interaction across all human societies and civilizations. Whether in bustling metropolises or quiet villages...
Embeddedness
Embeddedness of Economic Exchange in Social Structures While modern economies heavily rely on contractual exchange facilitated by formal institutions, this has not always been the case. For the vast majority of human history, and even today to a significant ex...
Dalit Entrepreneurship and Merchant Guild
The Exclusion of Dalits from Indian Business: The Role of Social Capital and Inequality The underrepresentation of Dalits, who constitute approximately 17% of India's population, within the Indian business community highlights a significant limitation of relyi...