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ANTH oct 15 notes

ANTH oct 15 notes - Friday October 15 Economies cont...

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Friday October 15  Economies, cont. Distribution and Exchange  The Market Principle o  Market exchange relies on supply and demand.  o  Found in the capitalist world economy.  o  It governs the distribution of means of production, like land,  labor, technology, and capital. Bargaining is common and  maximizing profit is the goal.  o   Redistribution  – when a portion of goods and or services is  accumulated by a centralized government entity.  These goods  and services are redistributed to the needy, part-time  specialists, warriors, elites, etc., or at feasting events.  They  are found in tribes, chiefdoms, and states.  o   Reciprocity –  an exchange between social equals. There are  three different types of reciprocity:  Generalized
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 Balanced  Negative o  All three types can exist in a society with an emphasis on one.  o  Generalized reciprocity is gift-giving without expecting  anything material or immediate in return. It usually exists  between close kinsmen. It’s often seen in hunting and 
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