Market exchange is usually associated with _______________.

Question

Quizplus · Accepted Answer

Market exchange involves a complex division of labor and a centralized political organization, as well as a system of exchanging goods or services through monetary transactions. This type of exchange is typically found in societies with more advanced economies and social structures, such as states or empires. Hunting and gathering bands, horticultural tribes, pastoral societies, and households are all examples of societies with different forms of exchange and economic systems.

Market Exchange Is Usually Associated with _______________