Professional Documents
Culture Documents
Ucsp Final Exam Reviewer 1
Ucsp Final Exam Reviewer 1
B. Transfers
In economics, transfer or transfer payment is a
redistribution of income or resources in the market
system. It refers to payments or transactions where
Buyers there is no value added to the economy. There is no
additional production of goods and services but just a
ECONOMIC INSTITUTION transfer of money from private hands to government.
-A network of commercial organizations that determine
how goods and services are produced, generated, How Transfers work in the Government
distributed, and purchased. The government as an economic institution also provides
The particular agencies or foundations devoted to the commercial goods to the people in the form of public
gathering or studying of economic data, or authorized services and transfer payments.
with the job of supplying goods and services that are In the Philippines, the government is allocating a
necessary to the economy of a country huge amount of money to finance different
-The popular and thriving arrangements and structures programs like education, infrastructures, health,
that are part of culture or society. and defense.
Among the government agencies that received
FUNCTIONS OF ECONOMIC INSTITUTION the highest allocations are:
Enhance development through financial services Department of Education
Provide business opportunity to people by financing Department of Public Works and
and loans Highways (DPWH)
Fund research projects aimed at improving the lives Department of Interior and Local
of the individuals in the society Government (DILG)
A. Reciprocity C. Redistribution
In relation to Sociology Redistribution is evident in our society. Family,
Redistribution is an everyday activity of societies. as the smallest unit of society, performs simple
Members of the society contribute by giving their goods redistribution.
that would be collected by the head of the community Example:The mother or father, as the head of
followed by a distribution of the goods among the the household, collects a part of his or her
members. children’s income and allocates it to food and
Examples: pending bills. This serves as the basis for
A) Church tithes sustained community efforts under a political
B) Potlatch leader.
CHURCH TITHES- The church acts as the central Economic Institutions, Redistribution, and their Impacts
organization that pools the goods donated by its on the Global Community
members in the form of tithes or donations. The church
manages these tithes and donations for the maintenance
of the church itself and its projects and programs in
which most of the time, its members are the recipients.
By that process, the tithes or donations given by the
members are being redistributed to them, especially the
less fortunate members.
Potlach-It is a ceremonial distribution of property and
gifts celebrated by most Pacific Northwest tribes. In
every celebration, each person invited to
a potlatch receives a gift. Ceremonial formalities were
observed in the distribution of gifts or goods by the
donor according to the social rank or status of the
recipients.
In Relation to Economics
Redistribution refers to the collection of goods
and services of people and groups to be given by
a central authority for allocation.
Example:
When the government collects taxes from its
D. Market Transaction
population, the government becomes the
A market exists whenever there is an interaction
centralized authority where all taxes are pooled
between buyers and sellers.
and managed. The taxes that were pooled will be
A market transaction is the exchange of goods
returned to the people in the form of social
and services through a market where buyers and
services, welfare benefits, infrastructures, and
sellers agree on the price and quantity of goods
others which the government will spearhead
and services to be bought and sold in a specific
In Relation to Politics
place and time.
Redistribution is the process by which electoral
Types of Market
districts are added, removed, or changed. This
Physical Markets
process is a form of boundary delimitation that
This is a set up where buyers can physically meet the
changes electoral district boundaries, usually in
sellers and purchase the desired merchandise from them
response to census results. In democratic
in exchange for money.
governments, redistribution is required by law or
Examples: shopping malls, department stores, retail
constitution.
stores
Example: In the United States, redistribution
Non-Physical Markets or Virtual Markets
happens after each ten-year census. The state
In such markets, buyers purchase goods and services
legislature approves most states' legislative
through the internet. The buyers and sellers do not meet
district redistributions. The highest court rulings
or interact physically, but transact online instead.
require that congressional districts have roughly
Examples: Rediff shopping, eBay, Amazon
equal populations.
Auction Market
Redistribution in the Family or Community
In an auction market, the seller sells his or her
goods to the highest bidder.
Market for Intermediate Goods 3. Kinship by ritual (Compadrazgo)
Such markets sell raw materials (goods) required 4. Family and the household
for the final production of other goods. 5. Politics of kinship
Black Market KINSHIP
This is a setup where illegal goods like drugs and refers to the “web of social relationships” that humans
weapons are sold. form as part of a family, which is the smallest unit of
Knowledge Market society
This is a setup that deals with the exchange of KINSHIP BY BLOOD
information and knowledge-based products. One factor that allows an individual to identify another
Financial Market individual as a family member is through consanguinity,
This market deals with the exchange of liquid assets popularly called as blood relatives.
(money). Financial markets can be further DESCENT
categorized into the following types: the origin or background of a person in terms of family or
1. stock market–a form of market where sellers and nationality
buyers exchange shares • Ancestry
2. bond market–a marketplace where buyers and • Parentage
sellers are engaged in the exchange of debt UNILINEAL DESCENT
securities, usually in the form of bonds. One method of limiting the recognition of kinship is to
3. foreign exchange market–a market where parties emphasize relationships through one parent only
are involved in the trading of currency; In this MATRILINEAL DESCENT
market, also called currency market, one party leads an individual to trace kinship relations through the
exchanges one country’s currency with an equivalent female’s line
quantity of another. PATRILINEAL DESCENT
4. predictive market–a setup where the exchange of leads an individual to trace kinship relations through the
good or service takes place for future use male’s line
E. Market and States BILATERAL DESCENT
• A market is a place where buyers and sellers all descendants of an ancestor enjoy membership of a
transact economic goods and services. It is also a common descent group by any combination of male or
mechanism used by society for allocating and female linkages.
distributing the goods and services produced. KINSHIP BY MARRIAGE
• A state is a group of people, more or less Marriage defined as the “ socially or ritually recognized
numerous, with a definite geographical area, union or legal contract between spouses that establishes
with defined territorial boundaries, independent rights and obligations between them, between them and
of external control, and ruled by a government their children, and between them and their in-laws”
through laws where inhabitants have to conform (Haviland et al., 2011)
by force in the common interest. In economics, a
state is always referred to as the government. Monogamy
• The market, as a mechanism used by different This type of family consists of single couple and their
economic institutions in the distribution of goods child or children. This is also referred to as nuclear family.
and services that the economy produced, always Polygamy
relies on the very mechanism it uses−−the price This type of family consists of several parents and their
of the products. Meanwhile, the state uses its children.
inherent power and authority in allocating goods There are two types of polygamy: polyandry and
and services. polygyny.
• POLYANDRY- is a marriage pattern wherein a
allowing for the creation of patrilineal descent. Family and the household
• Virilocal residence is a subset of this • A family is a socially recognized group,
practice that focuses only on the transfer strengthened by the concept of kinship, where
of the women from her parent’s people are connected by blood, marriage, or
residence to that of her husband’s adoption, and where a caring relationship mainly
without consideration for the creation of occurs
patrilineage. • A household is a residential unit or dwelling that
• Matrilocal residence Upon marriage , the man is carries out economic production and
expected to take residence with his wife’s consumption that coordinates work, inheritance,
mother area, where they are expected to raise child rearing, and provision of shelter. It is
their children and integrate them to the important to note that family and household are
maternal line, creating a matrilineal descent. not one and the same.
• Uxorilocal residence s a less complex
rule that merely requires the husband to Nuclear family single unit, a type of family consisting of
move in to his wife’s mother’s a husband, a wife, and children (unmarried), naturally-
household without consideration for the conceived or adopted.
creation of matrilineage Extended family or joint, a type of family that consists of
• Neolocal residence This is an arrangement that three generations living together under the same roof,
requires both spouses to leave their households and sharing the same kitchen or economic expenses; It
and create their own at times even in a different consists of three nuclear families living together. In this
locality. setup, aunts, uncles, and grandparents may live in a
• Avuncolocal residence This is a complex family of parents and their children.
residency pattern as it requires two residence Reconstituted or blended family is a type of family that
transfers. is formed out of another relationship, otherwise known
• Natalocal residence This arrangement allows as a step-family.
both spouses to remain with their own Transnational family is a type of family whose members
households after marriage. reside separately across territories.
• Matrifocal residence This type of residency rule POLITICS OF KINSHIP
arises when the father is economically and
physically unable to provide support for the
His power comes from the massive trust and almost
unbreakable faith people put in him.
RATIONAL AUTHORITY
is one that is grounded in clearly defined laws. The
obedience of people is not based on the capacity of any
leader but on the legitimacy and competence that
procedures and laws bestow upon persons in authority.
Contemporary society depends on this type of
rationalization, as the complexities of its problems
require the emergence of a bureaucracy that embodies
order and systematization.
RA 10066
Philippine Cultural Heritage Act
or
"National Cultural Heritage Act of 2009". Xenophobia is the fear and distrust of that which is
AN ACT PROVIDING FOR THE PROTECTION AND perceived to be foreign or strange.
CONSERVATION OF THE NATIONAL CULTURAL
HERITAGE, STRENGTHENING THE NATIONAL
COMMISSION FOR CULTURE AND THE ARTS (NCCA)
AND ITS AFFILIATED CULTURAL AGENCIES, AND
Goodluck and Godbless!
FOR OTHER PURPOSES