Economic Institutions

It refers to the voluntary giving or taking of objects without the use of money.

• Transfers

• Reciprocity

• Market Transactions

• Redistribution

They deal with money or with the production and distribution of the goods and services in an economy.

• Nonstate Institutions

• Social Organizations

• Exchange System

• Economic Institutions

A central authority usually has the privilege and responsibility to make decisions about the goods or money later will be reallocated among the group as a whole.

• Reciprocity

• Transfers

• Market Transactions

• Redistribution

The exchange of goods and services through a market.

• Transfers

• Redistribution

• Reciprocity

• Market Transactions

He identified the 3 forms of reciprocity.

• Clifford Geertz

• George Murdock

• Marshall Sahlins

• Fredrick Barth

A change in ownership of an asset, or a movement of funds and/or assets from one account to another.

• Transfer

• Balanced Reciprocity

• State-Market Relations

• Banking

The governing body of the society.

• Institutions

• State

• Leaders

• Government

The forms of reciprocity are collectively known as

• Reciprocity Categorization

• Sahlin's Codification

• Reciprocity Order

• Sahlin's Typology

It occurs when an action that has a negative effect upon someone else is reciprocated with an action that has approximately equal negative effect upon another.

• Negative Reciprocity

• Off Reciprocity

• Inverse Reciprocity

• Rejection Reciprocity

The exchange of goods or services, with or without money.

• Transactions

• Transfers

• Exchange

• Barter