Describe the Kula Ring and explain what benefits, both monetary and socially, come from participating in it.

Words: 131
Pages: 1
Subject: Anthropology

Anthropological studies of economic strategies challenges the assumption of conventional economics by analyzing societal behavior from a cross-cultural perspective. Anthropologists look at the relationship between economy and society in which it occurs through a critical examination by address factors such as exchange, production, consumption, property, and the social changes that have occurred in the modern world-system. Answer these three questions in your weekly response:

1.) Using an example that you’ve come up with on your own, illustrate the role of culture in determining what is considered a commodity and how much value is placed on that commodity.

2.) What are the three forms of reciprocity, and what social differences exist in each type of exchange?

3.) Describe the Kula Ring and explain what benefits, both monetary and socially, come from participating in it.