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Economics
Anth&100 Topic 5
13
Anthropology
Undergraduate 1
01/04/2013

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Term
Economics
Definition
The study of how resources are produxed, distriduted and consumed.
Term
Redistribution
Definition
A afor of economic exhange in which goods (and services) and the disributed back to the donors.
Term
Production
Definition
  • Second key dimension 
  • Defibition: A proccess whereby goods are obtained from the natural environment and altered to become consumable goods.
Term
Division of Labor
Definition
  • Sex or gender 
  • Defintion of gender: way members of the two sexes are perceived, evaluated, and expected to behave.
  • Age
  • Labor specialization
Term
General Reciprocity
Definition
The practice of giving a gift with an expected return, but neither the value of the gift nor the time of repayment.
Term
Negative Reciprocity
Definition
A form of economic exchange between individuals who try to take advantage of each other. (like the English and the Indains)
Term
Substantivist Approach
Definition
Economic anthropologists that believe the classical, WEstern approach to economic principles cannot be applied to nonindustrialized cultures
Term
Formalists
Definition
Economic anthropologists suggest the ideas of western economics can be applied to any economic situation.
Term
Household
Definition
  • In most non-inustrailized societes the basic unit of production is the household
  • Household: A basic residential unit in which economic production , consumption, inheritance, child-rearing, and shelter are organized and carried out.
Term
Balanced Reciprocity 
Definition
The practice of giving with the expectation that similar gift will give in the opposite direction either immediately or after a limited period of time. ( you can have a time frame and a agreed vaule of the return)
Term
Reciprocity
Definition
  • A mode of distribution characterized by the exchange of goods and services that have approximately (the vakues are the exact same) equal value among parties.
  • Three kinds
  • General 
  • Balanced 
  • Negative
Term
Market Exchange
Definition
  • Tends to be less personal that reciprocity or redistribution
  • Predominately economic in nature
  • More likely in sedentary societies which produce large surpluses and have a complex division of labor
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