First Nations- Economy Flashcards
1
Q
What are wants? Name some examples
A
The desire for things which are not essential for our survival. Ex porsche, laptop, dog
2
Q
What is a standard of living?
A
The ability for one to satisfy their basic needs and wants
3
Q
What is their economy based on? (Activities)
A
Agriculture and hunting
4
Q
What is a barter?
A
Trade without the use of money
5
Q
Name some characteristics of the Native trade networks
A
- Based on barter
- Across the continent
- travel by water
6
Q
What effects did their economic activities have on them?
A
Hunting- Nomadic life style and patriarchal society with temporary dwellings
Agriculture- Opposite
7
Q
What are basic needs?
A
Food, clothing and shelter
8
Q
What did the Natives receive from the Europeans?
A
Knives, pots, porcelain beads and glass
9
Q
What did the Europeans receive from the Natives?
A
Fur
