What is generalized reciprocity?
Giving goods without expecting something in return
It reflects a form of altruism in social relationships.
What does modern economics assume about production?
Production is arranged to maximize profits according to the principles of rationality and efficiency
This perspective focuses on profit maximization in economic activities.
What is meant by holistic in economic studies?
Seeks the interrelations between an economic phenomenon and other social, historical, and natural factors
This approach emphasizes the interconnectedness of various influences on economies.
Define comparative in the context of economics.
The study of different types of economies across time and space
It allows for understanding economic variations and developments.
What is relative caution in applying economic models?
Be cautious when applying universal economic models to a specific society
This acknowledges the uniqueness of each society’s economic context.
Who developed the concept of relative in economics?
Yehudi Cohen
His work emphasizes the importance of context in economic analysis.
What is the key feature of forging economies?
Hunter-gathering
This lifestyle is characterized by subsistence through foraging.
True or false: Modern foragers are pristine survivors of the Stone Age.
FALSE
Modern foragers have been influenced by outside forces.
What is horticulture?
Plant cultivation that makes no intensive use of land, labor, capital, or machinery
Techniques include slash-and-burn and shifting cultivation.
What are the negative environmental impacts of agriculture?
These practices can lead to significant ecological harm.
Define pastoralism.
The raising of livestock
It typically occurs in semi-arid and mountainous areas.
What is pastoral nomadism?
Members follow the herd throughout the year
This lifestyle is closely tied to the movement of livestock.
What is balanced reciprocity?
An expectation for something in return so both parties are better off
Gifts are exchanged over time to maintain social bonds.
What is the purpose of gifts in social relationships?
Show kind gestures for people you care for
Gifts create social bonds and involve continuous sequences of giving.
What is the kila exchange?
A system of trade in Melanesia where men from 18 communities travel to exchange gifts
This exchange establishes political connections among communities.
What is negative reciprocity?
Taking advantage of the expectation of reciprocity
It involves deceit and getting something for as little as possible.
Define redistribution in economic terms.
When a third party or a central authority is involved in an exchange
Goods are collected, pooled, and then redistributed as public goods.
What is fordism?
An example of an industrial society where products became available to more of the society
It emphasizes mass production and consumption.
What is alienation in the context of fordism?
This reflects social problems arising from industrial labor.
What changes occurred in developed countries after the 1950s?
Shift from manufacturing goods to working in service and information sectors
This marks the transition to a post-industrial economy.
What are the problems with redistribution?
These questions highlight the complexities of resource distribution.
What is market exchange?
Exchange by means of buying and selling using money
It is a fundamental aspect of modern economies.
What are the characteristics of market exchange?
These features define how market economies operate.
What is Elman Service’s typology?
This classification helps understand different political organizations.