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question 10 the exchange of goods and services of equal value is called…

Question

question 10
the exchange of goods and services of equal value is called
reciprocity.
redistribution.
market exchange.
mode of production.

Explanation:

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.

Answer:

reciprocity.