Which of the following best describes the economics of potlatch of the tribes of the Pacific Northwest Coast?

Question

Quizplus · Accepted Answer

The potlatch was a form of economic exchange among the tribes of the Pacific Northwest Coast that served to increase productivity and distribute food and goods to a large dispersed population. It was a way for wealthy individuals to display their wealth and status by giving away gifts and hosting feasts. This helped to cultivate social ties and maintain order within the community. The potlatch was not an irrational destruction of valuable property, an imitation of European parties, the most fundamental reason for low standard of living, or an expression of a cultural value that emphasizes charity and helping the poor.

Which of the Following Best Describes the Economics of Potlatch