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UCSP M6S3
Flashcard MODULE 6 Subtopic 3 Economy as a Social Institution
| Term | Definition |
|---|---|
| Reciprocity | Transaction between two socially equal parties concerning goods or services that are estimated to be of equal value |
| Generalized | A type of reciprocity where gifts are given without expecting an immediate response in return |
| Balanced | A type of reciprocity where expecting immediate return from any favor and the value of the commodity is expected to be equal |
| Negative | A type of reciprocity where the exchange tends to favor one party over the other as the value of the goods for exchange is unequal |
| Transfers | When resources from one individual or organization are given to another with no expectation of return |
| Redistribution | Resources of one, several individuals, or groups are collected and distributed proportionally or equally to participating members |
| Market Transactions | Exchange of goods and services that involves buying and selling processes |
| State Institutions | Institutions that are part of the state |
| Non-state Institutions | Institutions that are not part of the state |
| Banks and Corporations | Institutions that are associated, related and linked to money and financial transactions |
| Corporations and Trade Unions | Organizations comprising workers and laborers with goals, and common purposes interests. Comprising of workers and laborers with goals, and common purposes interests |
| Transnational Advocacy Groups | Organizations that influence the policy making in a country by sponsoring advocacy campaigns publicizing social issues |
| Development Agencies | Organizations with specific aims and goals. Concentrate on the growth, progression, and advancement of specific societal concerns |
| International Organizations | Organizations support and through that provide assistance organized international framework to cooperation |
| Non-Government Organization | Non-profit, voluntary organizations that carry a broad range of social functions behalf of development with and on people |
| Lobbying | Non-state actors/ institutions seeking to influence a government official for a particular issue |
| Litigation | Non-state actors go to courts to force the government to adhere to their advocacy and state make it a policy |
| Electionering | Non-state actors help politicians to campaign during elections in exchange for support for their advocacies |
| Public Opinion | Non-state actors use media to highlight and campaign their advocacies |
| Economic and Society | Work is the significant source of individual and social identity |
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