Compare the foraging vs agriculture or industrial-digital

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Assignment:

Economic systems have 3 essential components: production, consumption, and exchange.

1) Define what they are and compare and contrast some of the examples from the types of societies, e.g. foraging vs. agriculture or industrial/digital?

2) Karl Marx is a well-known critique of capitalism and was familiar with the economics of these types of societies that we learned about in the chapter. How, if at all, can his theory be used to better understand any current economic situation today?

3) Identify how some of the modes oflive/ihoodare being transformed today in the globalized world? Provide one or two examples.

Reference no: EM133263414

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