Market exchange is defined as the buying and selling of commodities under competitive conditions in which the forces of supply and demand determine value; a form of unbalanced exchange (Miller 62). This is a picture of my family eating together when they visited me on Sunday. This photo is an example of market exchange because my family participated in the marketplace where we traded money to enjoy yummy food. Food can be considered the commodity, and the food we ate at Pike Bolivian Restaurant is a great example of the competitive nature of a market. Because there is not a large supply of authentic Bolivian food anywhere in the US, a meal that would cost US $5 in Bolivia costs three times as much in the United States. If I could perform further study, I would want to see if cultural association with food causes a greater demand for that food (specifically in the US because of the wide variety of cuisine and “melting pot” status).
Pure gift is defined as something given with no expectation or thought of a return (Miller 60). This is a picture of my newly decorated and repaired laptop that my parents gave to me on Christmas my junior year of high school. My laptop can be considered a pure gift because my parents did not expect me to contribute financially to any portion of the purchase. The laptop also reflects some of the disagreement on whether truly pure gifts exist; since, my parents do have material and immaterial expectations of my behavior. Materially, my parents expect any further maintenance to be paid by me. Immaterially, my parents expect that owning a laptop will aid my studies. So, if my school performance were to drop, my parents might reconsider my need for a laptop. I chose this photo because a laptop is a significant financial investment that almost all members of the “college microculture” need to make.











