1. Africa
... exchange and subsistence trade (primary components of pre-colonial African economies) within African societies. The commercialization of commodities has attached specific money values to work or objects that had previously been for social use, and without ownership rights. No one owned the land in pre-colonial Africa; farmers had use-rights for areas of land but could not sell the land. Integration ... into a global market has changed the manner of trade and the economic systems of African societies themselves. African economies have become import-and-export-dependent; such a reliance o...
- Word Count: 917
- Approx Pages: 4
- Grade Level: Graduate