Question

A chief receives yams from members of the chiefdom and then gives those yams back to other people within the chiefdom. This form of exchange is known as:

Answer 1

A chief receives yams from members of the chiefdom and then gives those yams back to other people within the chiefdom. This form of exchange is known as redistribution.

• Redistribution is a term used in cultural anthropology and sociology to describe a system of economic trade that entails the central collecting of products from group members and then their redistribution among those members. It represents reciprocity.
• According to Dalton's concept of transfer for income redistribution, society will benefit from a transfer of a unit of money from a richer to a poorer person.
• Reciprocity is the exchange of similar-value products.

What is the difference between reciprocity and redistribution?

• Redistribution is the process of distributing a mass of goods toward a population through a centralized organization.

• Market Exchange: Business conducted by setting a price for commodities in a market.

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