QUESTION IMAGE
Question
question 10
the exchange of goods and services of equal value is called
reciprocity.
redistribution.
market exchange.
mode of production.
Brief Explanations
- Reciprocity: Refers to the exchange of goods and services of equal value between individuals or groups. It is often based on mutual obligation and social relationships.
- Redistribution: Involves the collection of goods or resources by a central authority and then distributing them to members of the group. This is not about equal - value exchange between two parties directly.
- Market exchange: Based on the price mechanism in a market. While there is an exchange, it is more about supply and demand determining the value (not necessarily an equal - value exchange conceptually in the same sense as reciprocity). For example, in a market, a seller may value a good at a certain price and a buyer at another, and they agree on a price which may not be an equal - value in a reciprocal sense.
- Mode of production: Refers to the way in which goods are produced in a society (e.g., feudal mode of production, capitalist mode of production). It is not about the exchange of goods and services.
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reciprocity.