Section 6

Question 1

Economics

Answer 1

A concern with production → exchange → consumption → post consumption

Question 2

Production

Answer 2

Materials & resources obtained from natural environment & altered to become consumables

Question 3

Modes of Production (MOP)

Answer 3

the way production is carried out

Question 4

Kin ordered MOP

Answer 4

Non-industrial societies → kin ordered mod of production
• More intimate relationship between worker & means of production (compared with Industrial modes of production)
• Labor not bought but given as a social obligation
• Mutual aid in production as expression of larger web of social relations

Question 5

Capitalist MOP

Answer 5

• recent system in human history
• industrialized mass production ( and therefore mass consumption – labor saving technology
• free market = form of exchange
• Key idea: if you leave market alone it will generate greatest quantity of goods for society = invisible hand
• Key idea: individuals act economically based on rational self-interest (putting other’s needs first might interfere with one’s happiness)
• Self interest vs. common good

Question 6

Redistribution

Answer 6

Goods flow to a central point & then are redistributed among members- especially important in horticultural societies

Question 7

Reciprocity (General)

Answer 7

assume exchange will balance out Ex: hunter share kill w/ group Ex: parents and kids

Question 8

Reciprocity (Balanced)

Answer 8

gift repaid in a set time & goods are equal in value

Question 9

Reciprocity (Negative)

Answer 9

when someone tries to get something for nothing

Question 10

Cash Crops

Answer 10

things people grow to sell