The exchange of goods and services is one of the central components of a culture. Match the three main types of exchange to their definitions.

Question

market exchange
reciprocity
redistribution
the exchange of resources, goods, and services among people of relatively equal status, which strengthens human bonds
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Accumulated wealth is collected from the members of the group and reallocated in a different pattern.
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the use of an exchange medium, such as money, to mediate exchanges

Answer 1

Certainly! Here are the three main types of exchange matched to their definitions:

1. **Market Exchange**: The use of an exchange medium, such as money, to mediate exchanges.
2. **Reciprocity**: The exchange of resources, goods, and services among people of relatively equal status, which strengthens human bonds.
3. **Redistribution**: Accumulated wealth is collected from the members of the group and reallocated in a different pattern.