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23 Cards in this Set

  • Front
  • Back
Balanced Reciprocity
Exchange of goods and services of a specified value at a specified time and place.
An exchange of products in which one person gives one type of product in exchange for another type of product.
Land, money, factories, and the like that support and supply the materials needed for production.
An economic mode of production in which the goal is to amass wealth in the form of money in order to gain control over the means of production and then use this control to accumulate even greater wealth.
Policies in which countries establish colonies in distant places in order to exploit their resources and labor, and possibly to establish settlements of their own citizens abroad.
A product that can be sold or traded in return for money or other products.
Culture of consumption of goods and services.
The use of subsistence resources, including outcomes of production.
Economic System
Cultural methods of allocating natural resources, the means of exploiting the resources through technology, the organization of work, and the production, distribution, consumption, and exchange of goods and services.
Generalized Reciprocity
The exchange of goods and services without keeping track of their exact value, but often with the expectation that their value will balance over time.
Industrial Agriculture
Application of industrial and chemicals to farming in order to increase productivity.
The use of machines to produce products and foods.
Intensive Agriculture
Application of technology and intensive labor to farming, such as the plow and irrigation.
Market Economy
Economic system in which products are traded in impersonal exchanges between buyers and sellers using an all-purpose currency.
Mission System
Pattern of Spanish colonization of the Americas in the name of the Roman Catholic Church.
Negative Reciprocity
Exchange of goods and services in which each party seeks to benefit at the expense of the other, thus making profit.
Poll Taxes
Taxes levied on households.
Ceremonial feast, characteristic of indigenous Pacific Northwest coast societies, during which hosts distributed to guests a great deal of food and goods that had been accumulated over many months or years.
System of extracting resources and utilizing labor and technology in order to obtain foods, goods, and services.
Redistributive Networks
Economic systems in which food and other goods are amassed by an organizer and then distributed to community members or guests at large public gatherings.
Specialization of Labor
System of allocating work in which different people perform different tasks.
Surplus Value
The amount of value produced by workers in capitalist production that is greater than the wage paid to them.
System of exchange in which goods are exchanged for either other goods or for money.