ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -In cultural anthropology and sociology, redistribution refers to a system of economic exchange involving the centralized collection of goods from members of a group followed by the redivision of those goods among those members. It is a form of reciprocity.

Detailed explanation-2: -Redistribution. Redistribution is a mode of exchange that involves some sort of centralized social organization. Members of a group contribute items such as food, money, clothing, etc. to the central organization, and the organization then redistributes the items to the members of the group.

Detailed explanation-3: -Methods of exchange can be grouped into three major types: reciprocity, redistribution, and market.

Detailed explanation-4: -Redistribution is the accumulation of goods or labor by a particular person or institution for the purpose of dispersal at a later date. Redistribution is found in all societies. For example, within households we pool our labor and resources, yet we rarely distribute these outside of our family.

Detailed explanation-5: -Reciprocity: the exchanging of goods of equal value. Redistribution: the redirecting of a pile of goods to a populace through a central authority. Market Exchange: commerce through a price on goods in a market. 21-Jul-2022