Economics, Production, and Exchange Flashcards

1
Q

Economics

A

how people make their living and satisfy their needs and wants
-we produce and we consume

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2
Q

Subsistence Strategies

A

culturally created ways to secure food

1) Foraging
2) Horticulture
3) Pastoralism
4) Agriculture

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3
Q

Foraging

A

-finding what is in nature and sustaining yourself off of it: hunters gather, fishing.
-Largely egalitarian
-Groups tend to be smaller/ pressure to share resources
-Ex: Siberian Indigenous People
hunting and gathering

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4
Q

Horticulture

A
  • small plots of land that uses little technology to grow crops for family use.
  • It is not meant to be sold, at least not in large amounts.
  • You only produce what you need, not an abundant amount. -Ex: the Big man culture in Melanesia who grow sweet potatoes. They use few resources to produce what they need
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5
Q

Pastoralism

A
  • Herds of domesticated animals. They use every part of the animal - eat what they can, use hide for things, and trade the parts they can’t use.
  • Ex: Nandi of Kenya and Gujjars (Middle East) - transhumant (semi-nomadic: have a sod and mud home they live in for the winter half of the year in the valleys and the summer half they take their sheep up to the high parts of the Himalayas)
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6
Q

Agriculture

A
  • requires constant and intense use of land and technology
  • primarily for plant cultivation
  • The one that we are generally more familiar with in America
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7
Q

Generalized Reciprocity

A
  • undefined, not clearly indicated
  • no clear guidelines or timeline
  • i.e. parents give to children
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8
Q

Balanced Reciprocity

A
  • Roughly equal, relatively short time.
  • Happens when you give a gift and expect something back.
  • It is not always exactly equal, but roughly close. (speaks to the underneath relationship)
  • Some cultures are more equal than others. Ex: German, everything is to the penny equal - keep track of every gift given and received. If a gift is given and nothing received in return, feelings are hurt
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9
Q

Negative Reciprocity

A
  • one party or both want to receive more
  • Where someone is trying to get something out of the exchange, out of the relationship.
  • i.e. car salesman
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10
Q

Melville Herskovits

A
  • African American studies
  • Everyone deals with the same problem
  • Problem of Scarcity
  • Cultures handle scarcity in different ways
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11
Q

Kwakiutl

A
  • In British Columbia
  • Negative reciprocity and redistribution
  • Gifts to the village chiefs
  • prestige/shame
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12
Q

Nunez (Theory)

A
  • Negative reciprocity

- People are obligated to get the most

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13
Q

Car Salesmen

A
  • Example of negative reciprocity

- Wants more from transaction than customer

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14
Q

Carol Stack

A
  • Among low-income African Americans
  • Gift-giving is about survival
  • Type of strategy
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15
Q

Patricia Sloane (1999)

A
  • Malay Entrepreneurs in Malaysia
  • Most people from Middle class
  • Self-interested but also wanted to keep Muslim beliefs and practices
  • Family was very important, felt an obligation to help
  • Most businesses failed because of this
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16
Q

Karen Ho (2009)

A
  • Wall Street Bankers
  • Wanted to maintain a perception of international, connectivity
  • Strong personal relationships were essential to their work
  • Multiple layers of relationships because people were staffed in foreign countries
17
Q

Marcel Mauss

A
  • “The Gift” theory
  • obligation to give and receive
  • obligation to reciprocate: give/take which is more about the relationship than the gift itself
18
Q

Redistribution

A
  • goods and services are exchanged/ collected/ redistributed

- i.e. taxation

19
Q

Market Economy

A

exchange labor for money which is exchanged fro goods/ services
-is not synonymous with capitalism

20
Q

Capitalism

A

*thought to be more efficient and produces inequality

  • a cultural system organized on:
    1) accumulation of profit (capital)
    2) privately owned goods and services
    3) people make a living by selling something
    4) the market allocates for resources (labor, land, equipment) to adjust to market realities
    5) the market is self-regulating
21
Q

Social Welfare Capitalism

A

-it’s not socialism

  • attempts to limit or control the negative impacts of capitalism
  • most prominent way is through government regulation - rules on what you can sell, how much, the condition it must be in, etc.
22
Q

Paradox of Simultaneity

A

the idea of multiple conditions in the same general space, within the US we have some areas of prosperity and other areas of slums