mohitdixit955

How does tradition work to solve the 'economic problem?' The economic problem asserts that there is scarcity.

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Can someone tell me why using tradition to solve the distribution aspect of the economic problem (like reciprocity) faces limitations when society reaches a certain size and hence needs to be supplemented with other solutions.

The three general ways that goods and services are distributed in a society are reciprocity, redistribution, and market exchange. How do these three types of exchange differ? What is their relative importance in different types of economies? Can you give examples of how you participate in/benefit from each of these types of exchange? 200 own words