7.6.1 Forms of Exchange

QuestionAnswer
the practice building social relationships through the exchange of gifts of roughly equal value.
balanced reciprocity
the practice of sharing without regard for the value of objects or interest in compensation.
generalized reciprocity
a feast in which a trove of gifts is presented by the host chief to the guest chief in order to demonstrate wealth and gain prestige.
potlatch
a system whereby goods are collected and stored by a leader and later given out or used for public benefit.
redistribution

The content of this course has been taken from the free Anthropology textbook by Openstax