Question

How does negative reciprocity affects your daily living and the activities of
different economic institutions in your community?​

Answer 1

Answer:

Negative reciprocity occurs when one party attempts to get more out of the exchange than the other party. This can happen through hard-bargaining, deception, stealing, or even selling food at an inflated price because there is no other option; e.g., vendors at special events.

Redistribution refers to the movement of goods or services to and from a central authority. The authority may be a single individual, e.g., a chief, or a group of people, e.g., temple priests. The central authority may not be interested in accumulating wealth for themselves, but use the distribution of goods and services to create interdependence among the parties involved. 

Explanation:

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