What Types of Economic Exchange Would You Expect to Find

question 28

Essay

What types of economic exchange would you expect to find in hunter-gatherer societies? Are the individuals in foraging societies naturally altruistic, magnanimous, and generous, or are they no nobler than other peoples?

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Definitions:

Incentive

Something that motivates or encourages someone to do something, often used in contexts of motivation and behavioral economics.

Need

A requirement for something because it is essential or very important, often referring to something necessary for psychological or physical survival.

Drive Reduction

A theory in psychology that motivation arises from biological needs driving behavior to return to a state of homeostasis or balance.

Optimal Arousal

A theory suggesting there is a level of arousal that is ideal for performance, balancing between too low and too high.