Compare the economic systems of market economies

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Compare the economic systems of market economies and subsistence economies (you can select specific cultures or talk in general). How do they differ in terms of division of labor, technology, distribution and exchange? How does an economic system impact a culture? Are there different levels of conflict within these different types of culture? Is there conflict between these cultures. Finally, briefly consider the use of reciprocity in your own life and comment on its impact on the level of conflict/divisions in your own relationships

Reference no: EM133195070

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