Question

describe the three different types of reciprocity (generalized, balanced, negative)? If we include capitalism as a form of exchange (with money exchanged) which one of these three would capitalism fall in? Explain why?

Answer 1

Reciprocity is an immediate trade of merchandise or administrations. There are three sorts

• Generalized reciprocity alludes to a trade that brings about no computation of significant worth or quick reimbursement of the products or administrations. This normally occurs among close kinfolk and companions. It goes about as a type of government-managed retirement among kinfolk—offering to family guarantees that they thusly will impart to you. Generalized reciprocity has a component of selflessness to it. Consider an individual who makes a lot of sandwiches and afterward hands them out to the poor. That individual is appropriating food without desire for reimbursement.
• Balanced reciprocity includes figuring of significant worth and reimbursement of the products or administrations inside a predefined time period. A few foragers will trade wild game for present-day chasing executes, for example, metal blades. Horticulturalists may trade a portion of their item for cleavers. Storekeepers may trade merchandise for administrations of gifted dealers. Gift giving in present-day society is another case of Balanced reciprocity. As grown-ups, when Gifts are given there is a desire that we will get an endowment of equivalent incentive consequently at a fixed point later on. For example, in the event that we get a birthday present from a companion, it is normal that we will give that companion an endowment of comparable incentives on their birthday.
• Negative reciprocity is an endeavor to get something to no end. It is the most unoriginal of the three types of correspondence and it generally exists among individuals who don't have any acquaintance with one another well since cozy connections are inconsistent with endeavors to exploit others. Betting is a genuine case of negative correspondence, and some would contend that market trade, in which one member means to purchase low while different intends to sell high, can likewise be a type of negative reciprocity.

Capitalism will fall under balanced reciprocity. With Balanced reciprocity, there is an express desire for a guaranteed return. Basic deal or market buys include this comprehension. In case that you leave a store without paying for the merchandise that you have taken, you probably will be halted by the store representatives and perhaps captured because that neglected to promptly respond with the proper measure of cash.