The System Of Reciprocity And Its Impact On Society s...

Entrepreneurship in its most basic form has fueled thousands of innovations, forming the society we live in today. However, the introduction of currency changed the system of reciprocity, which ultimately negatively impacted society’s perception of these entrepreneurs. Due to factors of greed, inflation, competition, and the desire for financial stability, the introduction of currency has shrewd the system of reciprocity and therefore given entrepreneurs a negative reputation. As a common misconception, society perceives entrepreneurs as revenue driven. Before currency existed, people only acted using reciprocity, a characteristic of human nature. In these situations, items would be traded and both parties would be satisfied. For example, if Ted were to have made leather shoes, and Bob were to have fresh furs from his late night hunt, the two would trade not only the items but their skills used to obtain them in order to make living easier. However, the introduction of currency changed not only the system to obtain goods, but also changed the system of reciprocity. With currency, items are sold for their projected worth. However, the person selling this item gets to determine this, which causes many products to be overpriced. This shifts the system of reciprocity by creating a new concept of worth that entails a whole list of qualifications including both labor and materials. Currency is used to benefit individuals not only by giving each one the accessibi lity to buy withoutShow MoreRelatedInc A State Of Affluence Or Terror And Poverty?2059 Words   |  9 Pagesaffluence or terror and poverty? The fifteenth-century Inca civilisation was an imperial stratified society known for vastness of civilisation in both people and land, evidence suggests six million to thirty-two million people were assimilated into the empire. 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