Economic anthropology studies the processes of production, circulation, and consumption of different types of objects in social settings. ‘ Objects ‘ includes things material , and what people do for the others ( like providing hand of work and services ) and less visible objects ( such as names , ideas and others ) . The configurations range from small and intimate social units such as households through intermediaries, such as firms, villages, or local markets, to very large entities such as regional systems of ceremonial exchange or global systems of advertising and consumption.
While the settings and processes being studied vary greatly, most economic anthropologists approach them in two main ways. One approach refers to the social context: What kinds of people do, give, take, or consume what kinds of things, and in what kinds of situations do they do it? In a sub-Saharan African village, who tends to grow food-men or women, old or young, married or single, and so on? In England , ¿ what kind of homes is likely to have computers and what members of the household probably the use ? Another approach is re fers to the context culture : How to understand different types of people their activities economic , the objects involved and the people with whom perform these activities ? When an artisan sells something to a buyer, how does each party think about their relationship and the objects they exchange?
Thus, while economic anthropologists study economic processes, their approach is different from that of economists. Economists usually restrict themselves to monetary transactions and try to develop formal and abstract models of economic systems. Economic anthropologists, on the other hand, are often concerned with all forms of production, circulation, and consumption, monetary or otherwise. Furthermore, they care less about developing formal models and more about trying to describe and understand economic actions in their social and cultural context.