Trade and Exchange

Trade and Exchange - Trade and Exchange Exchange and trade...

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Trade and Exchange Exchange and trade have been defined as: the “mutually appropriative movement of goods between hands.” People make trade connections and set up the exchange systems that handle trade goods when they need to acquire goods and services that are not available to them within their own immediate area Exchange can be internal, within a society, or external, with other groups Three kinds of Trade Reciprocity is the mutual exchange of goods between two individuals or groups; it is at the heart of much gift-giving and barter trade o !Kung Bushmen hunter gatherer society- reciprocity at heart of hunter- gatherer society o What is distinctive about reciprocal exchange is not that products and services are simply given away without any thought or expectation of return but rather there is No immediate return No systematic calculation of the value of the services and products exchanged; and An overt denial that a balance is being calculated or that the balance must come out even
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Trade and Exchange - Trade and Exchange Exchange and trade...

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