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Anthropology final
| Term | Definition |
|---|---|
| Balanced reciprocity | an exchange where you give something with the clear expectation of receiving something of equal value |
| Consumption | the use or purchase of goods and services to satisfy needs |
| Consumer capitalism | an economic system where mass production meets mass consumption, driven by creating and satisfying endless "wants" (desires) rather than just "needs," |
| Economy | the system of how a country or region produces, buys, and sells goods and services, essentially covering all activities where money is made, spent, and wealth is managed, from a small town to the entire world |
| Phases of economic activity | Primary, secondary and Tertiary sector |
| Economic anthropology | studies human economic behavior in diverse cultural contexts, viewing economies as embedded in social, political, and cultural life, not just as market systems |
| Mean of exchange | Intermediates the exchange of good and services |
| Unit of account | measures values of goods and services |
| Fiat money | currency issued by the state government |
| Elenor ostrom | political scientist revisited tragedy of the commons |
| Capitalcentrism | the tendency to represent all economic activities in terms of their relationship to capitalism |
| Food not bombs | Loose volunteer network sharing free(often vegan meals as protest against war and poverty |
| David Gillies | Economic anthropologist looks at food waste to trace how capitalism manufactures both excess and scarcity |
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