Which of the following is NOT associated with the market principle? a. the profit motive b. the law of supply and demand c. impersonal economic relations d. kin-based generalized reciprocity e. industrialism

Question

Social Studies

Nehemiah Holt

23 January, 16:47

Which of the following is NOT associated with the market principle? a. the profit motive b. the law of supply and demand c. impersonal economic relations d. kin-based generalized reciprocity e. industrialism

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Kaliyah Hendricks · Answer 1

Option D is not related.

Explanation:

The market principle is defined as a set of strategies and principles to improve the effectiveness of a product in the market.

Generalized reciprocity is the exchange of goods or services without expecting a great profit, or even expecting something in return at all.

This type of exchange usually occurs between close relatives and family, as is more likely that an individual is willing to selflessly share something with his/her kin.

Therefore, both concepts have little or nothing in common.