Multiple choice

According to Polanyi, what is the central principle of Trobriand economy?

  1. Reciprocity

  2. Redistribution

  3. Market exchange

  4. Allocation
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A Correct answer
Explanation

Polanyi studied Trobriand Islanders and identified reciprocity (gift-giving with obligation to return) as their central economic principle. Redistribution involves collection and redistribution by a central authority (chief, state), while market exchange involves price-based trading. Trobriand economy relied primarily on reciprocal gift exchange, not markets or redistribution.

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