Term
|
Definition
| The study of the ways in which the choices people make as individuals and as members of societies combine to determine how their society uses its scarce resources to produce and distribute goods and services |
|
|
Term
|
Definition
| Each group of people must produce, distribute, and consume. Cultural context determines what is produced and how |
|
|
Term
|
Definition
| Tied to increased consumption and display of goods and services. Also associated with giving goods away |
|
|
Term
|
Definition
| The things that members of a society need to participate in the economy, and access to to them is basic to every culture. Most obvious ones are are land, water, labor and tools. Knowledge also.. |
|
|
Term
|
Definition
| The mutual give and take among people of similar status |
|
|
Term
|
Definition
| Usually is carried out among close kin and carries a high moral moral obligation |
|
|
Term
|
Definition
| Involves greater social distance than generalized reciprocity and entails a clear obligation to return, within a reasonable time limit, goods of nearly equal value to those given |
|
|
Term
|
Definition
| an extensive system of intertribal trade among the inhabitants of a ring of islands off New Guinea, is one of the most famous anthropological studies of reciprocal trading |
|
|
Term
|
Definition
| The unsociable extreme in exchange. It happens when trade is conducted for the purpose of material advantage and is based on the desire to get the better end of the bargain |
|
|
Term
|
Definition
| Goods are collected from or contributed by members of a group and then given out to the group in a new pattern. |
|
|
