Economic Activity?
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Transcript of Economic Activity?
Economic Activity? YES NO
Shopping Online
Economic Activity? YES NO
Gift-giving during a South Indian wedding
Economic Activity? YES NO
Soccer mom brings snacks for the team
Economic Activity? YES NO
Strangers help motorist stuck in snow
Economic Activity? YES NO
Corporation provides college scholarship
Economic Activity? YES NO
Inuit hunting caribou
Economic Activity? YES NO
Elderly couple move in with daughter’s family
When we think of economics, we think of things and activities involving money. We think of the costs of
goods and services, such as food, rent, haircuts, and movie tickets. We may also think of factories, farms,
and other enterprises that produce the goods and services we need or think we need. In industrial
societies, workers may stand before a moving belt for eight hours, tightening identical bolts that glide
by. For this task they are given bits of paper that may be exchanged for food, shelter, and other goods and
services.
But many societies – indeed, most that are known to anthropology – did not have money or the
equivalent of the factory worker. Still, all societies have economic systems, whether or not they involve
money. All societies have customs specifying how people gain access to natural resources; customary ways of transforming or converting those resources,
through labor, into necessities and other desired goods and services; and customs for distributing and
perhaps exchanging goods and services.