Economic Systems Flashcards
What is an economic system?
It is the patterned way in which the goods are produced, distributes, and consumed in the society.
- Human relationships –> resources, negotiation, organization of labour.
What is economic activity?
- social process
- culturally constructed
What is economics?
The study of the ways in which the choices people make (as group or individuals) determine their society’s use of its scarce resources to produce and distribute goods and services.
The idea of___is a fundamental assumption of Western microeconomic theory.
scarcity
What are three assumptions of Western economy?
1) needs and wants (larger the we realize)
2) get as much as we can
3) cannot satisfy wants fully because of scarcity of resources
What s economizing behaviour?
Choosing a course of action that pursues the perceived maximum benefit.
- How to most optimize your work. Quick and effective
- path towards most effective outcome
- less time consuming
What is benefit acc. to Dalton (1961)?
material well-being and profit
What is prestige linked to?
accumulation of wealth
What is the difference between Ju’hoansi vs. Westerns with the idea of prestige?
Boasting (Western) vs. Humility (Ju’hoansi)
What serves as wealth and prestige in Troiband societies?
yams
What does production relay on?
-religes on the availability of resources
What are the three types of resources?
- basic resources (land, water, raw materials)
- labour
- technology
What do societies have that regulate access to and control over the basic resources as well as control and organization of labour.
rules and norms
What is the level of access to the resources an important characters of?
an economic system
What are the resources of foragers?
weapons and tools, land and water
How do foragers gain access to resources?
through membership in bands loosely based on kinship links
What is the relationship of foragers to the land?
right of access
What is the relationship of Ju’hoansi to the land?
- water holes belong to certain families
- relationship between group and land
- women walk about 12 miles (~20 km) per day to gather
- leader discussing permitting another group to work in their territory –> intense conversation
- no ‘real’ property
- difficulty saying ‘no’
Why are foraging bands kept small?
to ensure land is not exploited
What are pastoralist resources?
livestock and land
How do pastoralists gain access to resources?
through membership in corporate kin groups
What is the relationship of pastoralists to the land, as in, how do they gain access to the land?
- in contemporary context, through contract with land owners
How do pastoralists gain access to livestock?
right of ownership, owned by family heads
Do resources increase or decrease when you go from foragers to pastoralists?
grow
How is a pastoralist society more regimented than a foraging society?
- genealogical groups
- male dominated social structure and relationships
- kinship group regulates access to resources
True or False: access to land in pastoralist societies has to be negotiated.
true
What are the resources of horticulturalists?
tools, land and water, and storage facilities
How do horticulturalists gain access to resources?
through membership in kinship
What is the relationship of land with horticulturalist?
land: right of collective ownership
Why are horticulturalists more tempted to define reaction to land?
- collective ownership…invent labour in land…labour is investment.
What was the ability to store food with horticulturalists important for?
human evolution
What are the resources of intensive agriculturalists?
land, water, raw materials, technology, labour, technological knowledge
How do intensive agriculturalists gain access to resources?
ownership of resources may be limited to a small group
What is the relationship to land with intensive agriculturalists?
land: right of ownership by right of sale and within the limits of the law
What type of society is intensive agriculturalists?
stratified and diversified
Do owners of land in intensive agriculturalists societies usual work the land too? What other way can land be own?
- no, they rent it out
- ownership can also be institutionalized (ex. certain religious institutions)