Donation, Reciprocity, and Transfer

This set of vocabulary flashcards covers concepts of reciprocity and transfer, including their specific definitions and examples from the lecture notes.

Reciprocity

Exchange of goods, services or favor between individuals or group based on mutual obligation

Transfer

Refers to the movement of goods, money or services from one person to another without expecting return

Reciprocity Birthday Example

Trading birthday gifts with a friend where both gifts cost about the same

Reciprocity Labor Example

Neighbors trading home-cooked food in exchange for farm labor help

Transfer Benefit Examples

Monthly pension payments or unemployment benefits

State Transfer Example

Finacial cash assistance given by the state to local farmers

Helping others

An act that makes us happy heroes