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Anthro 1010 Vocab

Chapter 7

TermDefinition
Corvee A system of required labor
Optimal Foraging Theory The theory that individuals seek to maximize the returns on their labor in deciding which animals and plants they will go after
Reciprocity Giving and taking (not politically arranged) without the use of money
Generalized Reciprocity Gift giving without any immediate or planned return
Balanced reciprocity Giving with the expectation of a straightforward immediate or limited-time trade
Potlatch A feast among Pacific Northwest Native Americans at which great quantities of food and goods are given to the guests in order to gain prestige for the hosts
Redistribution The accumulation of goods by a particular person or in a particular particular place and their subsequent distribution
Market (Commercial) Exchange Transactions in which the "prices" are subject to supply and demand, whether or not the transactions occur in a marketplace
General-purpose money A universally accepted medium of exchange
Special-purpose money Objects of value for which only some goods and services can be exchanged
Peasants Rural people who produce food for their own subsistence but who must also contribute or sell their surpluses to others
Created by: Sejsarah
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