Question

Explain exchange of gods and festive services in ancient society

Answer 1

Answer:

When goods and services are given away, purchased, sold, or traded, there are potentially two components of the exchange--pure economic gain and social gain. Both of these motives usually occur at the same time in non-market economies. However, in market economies, the social component is often missing except when the exchange is between relatives or friends. With strangers, the social gain is usually sacrificed for efficiency and speed.