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30 Cards in this Set
- Front
- Back
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Balanced exchange
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a system of transfers in which the goal is either immediate or eventual equality in value.
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a system of transfers in which the goal is either immediate or eventual equality in value.
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Balanced exchange
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Consumerism
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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.
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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.
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Consumerism
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Consumption fund
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a category of a personal or household budget used to provide for consumption needs and desires
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a category of a personal or household budget used to provide for consumption needs and desires
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Consumption fund
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Expected reciprocity
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an exchange of approximately equally valued goods or services, usually between people roughly equal in social status.
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an exchange of approximately equally valued goods or services, usually between people roughly equal in social status.
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Expected reciprocity
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Generalized reciprocity
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exchange involving the least conscious sense of interest in material gain or thought of what might be received in return.
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exchange involving the least conscious sense of interest in material gain or thought of what might be received in return.
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Generalized reciprocity
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Leveling mechanism
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an unwritten, culturally embedded rule that prevents an individual from becoming wealthier or more powerful than anyone else.
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an unwritten, culturally embedded rule that prevents an individual from becoming wealthier or more powerful than anyone else.
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Leveling mechanism
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Market exchange
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the buying and selling of commodities under competitive conditions, in which the forces of supply and demand determine value.
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the buying and selling of commodities under competitive conditions, in which the forces of supply and demand determine value.
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Market exchange
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Mode of consumption
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the dominant pattern, in a culture, of using things up or spending resources in order to satisfy demand.
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the dominant pattern, in a culture, of using things up or spending resources in order to satisfy demand.
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Mode of consumption
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Mode of exchange
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the dominant pattern, in a culture, of transferring goods, services, and other items between and among people and groups.
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the dominant pattern, in a culture, of transferring goods, services, and other items between and among people and groups.
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Mode of exchange
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Money
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a medium of exchange that can be used for a variety of goods.
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a medium of exchange that can be used for a variety of goods.
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Money
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Potlatch
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a grand feast in which guests are invited to eat and to receive gifts from the hosts.
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a grand feast in which guests are invited to eat and to receive gifts from the hosts.
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Potlatch
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Pure gift
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something given with no expectation or thought of a return.
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something given with no expectation or thought of a return.
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Pure gift
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Redistribution
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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.
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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.
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Redistribution
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Trade
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the formalized exchange of one thing for another according to set standards of value.
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the formalized exchange of one thing for another according to set standards of value.
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Trade
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unbalanced exchange
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a system of transfers in which one party seeks to make a profit.
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a system of transfers in which one party seeks to make a profit.
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unbalanced exchange
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