What Do Anthropologists Mean When They Refer to Peasant Economies

question 30

Multiple Choice

What do anthropologists mean when they refer to peasant economies?

• A) communities that are somewhat more commercialized than traditional subsistence economies
• B) people who are actively trying to break into the market economy
• C) groups that have a money-based, market economy but do not hold much wealth
• D) societies that maintain their traditional subsistence economy

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Definitions:

Marginal Revenue Product

The extra income produced through the use of an additional unit of a resource, like labor or capital.

Wage Rate

The amount of compensation or payment in terms of money received by an employee from an employer in exchange for work or services.

Repair People

Professionals specialized in fixing or mending machinery, equipment, or structures to ensure proper function and reliability.

Demand for Labor

The total demand for workers in an economy, which is influenced by wages, productivity, and the overall level of economic activity.