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30 Cards in this Set

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  • Back
Balanced exchange
a system of transfers in which the goal is either immediate or eventual equality in value.
a system of transfers in which the goal is either immediate or eventual equality in value.
Balanced exchange
Consumerism
a mode of consumption in which people's demands are many and infinite and the means of satisfying them are insufficient and become depleted in effort to satisfy these demands.
a mode of consumption in which people's demands are many and infinite and the means of satisfying them are insufficient and become depleted in effort to satisfy these demands.
Consumerism
Consumption fund
a category of a personal or household budget used to provide for consumption needs and desires
a category of a personal or household budget used to provide for consumption needs and desires
Consumption fund
Expected reciprocity
an exchange of approximately equally valued goods or services, usually between people roughly equal in social status.
an exchange of approximately equally valued goods or services, usually between people roughly equal in social status.
Expected reciprocity
Generalized reciprocity
exchange involving the least conscious sense of interest in material gain or thought of what might be received in return.
exchange involving the least conscious sense of interest in material gain or thought of what might be received in return.
Generalized reciprocity
Leveling mechanism
an unwritten, culturally embedded rule that prevents an individual from becoming wealthier or more powerful than anyone else.
an unwritten, culturally embedded rule that prevents an individual from becoming wealthier or more powerful than anyone else.
Leveling mechanism
Market exchange
the buying and selling of commodities under competitive conditions, in which the forces of supply and demand determine value.
the buying and selling of commodities under competitive conditions, in which the forces of supply and demand determine value.
Market exchange
Mode of consumption
the dominant pattern, in a culture, of using things up or spending resources in order to satisfy demand.
the dominant pattern, in a culture, of using things up or spending resources in order to satisfy demand.
Mode of consumption
Mode of exchange
the dominant pattern, in a culture, of transferring goods, services, and other items between and among people and groups.
the dominant pattern, in a culture, of transferring goods, services, and other items between and among people and groups.
Mode of exchange
Money
a medium of exchange that can be used for a variety of goods.
a medium of exchange that can be used for a variety of goods.
Money
Potlatch
a grand feast in which guests are invited to eat and to receive gifts from the hosts.
a grand feast in which guests are invited to eat and to receive gifts from the hosts.
Potlatch
Pure gift
something given with no expectation or thought of a return.
something given with no expectation or thought of a return.
Pure gift
Redistribution
a form of exchange that involves one person collecting goods or money from many members of a group, who then, at a later time and at a public event, "returns" the pooled goods to everyone who contributed.
a form of exchange that involves one person collecting goods or money from many members of a group, who then, at a later time and at a public event, "returns" the pooled goods to everyone who contributed.
Redistribution
Trade
the formalized exchange of one thing for another according to set standards of value.
the formalized exchange of one thing for another according to set standards of value.
Trade
unbalanced exchange
a system of transfers in which one party seeks to make a profit.
a system of transfers in which one party seeks to make a profit.
unbalanced exchange