Market and Subsistence Economies

In the process of a long evolution, all countries have established the predominance of the market economy as the basic and most efficient form of economic management. It is based on commodity production, which is possible due to technology. Market economy assumes the production by individual, isolated producers specializing in a single development (Spradley and McCurdy 117). Therefore, satisfying social needs requires purchasing and selling products in the market and their exchange. Market and conflict as ways of communication between people become identical concepts but reflect different sides of the interaction of people in exchange (Spradley and McCurdy 117). At the same time, there are different levels of conflict between suppliers, consumers, and the state itself.

However, the primary, original form of economy was the subsistence one. It was historically based on land property rather than technology, which was the foundation of all socioeconomic relations. It is a form in which material goods and services are created for consumption; external relations and exchange are not developed here (Spradley and McCurdy 118). In this case, each economic unit produces all kinds of work, from the extraction of different types of raw materials to the complete preparation of the products of labor for consumption.

In this culture, there is only an internal conflict; the contradiction between production and consumption is resolved within the economic unit. It is hard to say there is a conflict between the market and the natural economy. In the natural type, there is no exchange, and it does not resolve the contradiction between production and consumption, which makes the interaction of systems impossible (Spradley and McCurdy 130). However, it should be noted that the economy affects culture. It affects the degree of openness of society, the level of interaction between individuals, and the nature of resource distribution.

In numerous cases, sympathy or antipathy for a person is subject to the principle of reciprocity. In my life, reciprocity is an indispensable principle for a good partnership. Conflicts are inevitable, and they will occur in any interaction. Still, how people listen to and respect each other’s rights determines the foundation for a lasting or weak partnership. It is the point of growth because there is a redistribution of influence and resources. Sometimes it turns out that, due to conflict, people got rid of things they did not need but had value and benefit for their counterparts and vice versa.

Work Cited

Spradley, James P., and David W. McCurdy. Conformity and conflict: Readings in cultural anthropology. Jill Potash, 2012.

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StudyCorgi. 2024. "Market and Subsistence Economies." June 5, 2024. https://studycorgi.com/market-and-subsistence-economies/.

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