01
Front
What is a mode of subsistence?
Back
A mode of subsistence is a way people interact with their environment to obtain what they need.
Free Online Flashcard Deck
6 Comparing Economic Principles Free Online FlashCards
Study 6 Comparing Economic Principles with 12 free online flashcards. Review key terms, definitions, and concepts with this interactive flashcard deck.
12 cards
02
Front
Does subsistence specify how goods are distributed?
Back
Subsistence describes production and livelihood; it does not determine how goods are distributed.
03
Front
What distinguishes generalized reciprocity?
Back
Generalized reciprocity is giving without calculating an immediate or equal return, as when family members share meals or care.
04
Front
What shapes expectations for a reciprocal return?
Back
Reciprocal expectations depend on relationships and cultural norms; an appropriate return is not determined only by market price.
05
Front
How does redistribution work?
Back
Redistribution moves goods or resources toward a central person, institution, or place, which then allocates them to others.
06
Front
What characterizes market exchange?
Back
Market exchange is buying and selling goods or services, commonly using money and prices; it can settle an immediate transaction between people without an ongoing relationship.
07
Front
How can one household combine economic principles?
Back
A household can grow food for itself, share some with relatives, contribute some to a community store, and sell the surplus.
08
Front
What questions help analyze how an economy works?
Back
They examine who shares, who decides, what obligations arise, and how value is established.
09
Front
What are four subsistence strategies?
Back
Gathering and hunting, pastoralism, plant cultivation, and industrial production.
10
Front
What is balanced reciprocity?
Back
Balanced reciprocity involves an expected return of roughly comparable value, though it may not happen immediately.
11
Front
What is negative reciprocity?
Back
Negative reciprocity is an attempt to get more than one gives, such as hard bargaining with an unfamiliar trading partner.
12
Front
How can redistribution help across seasons?
Back
Pooling can move resources across time: a community store may save surplus harvests and release food during a shortage.
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