What is the economic purpose of potlatch - which is the, Microeconomics

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What is the economic purpose of potlatch - which is the

1.) What is the economic purpose of potlatch?

Which is the same as a traditional economy, but what is the economic purpose of it?

2.) How is this purpose achieved?

3.) What common economic practices in modern societies like Canada''s today do you think most closely resembles the potlatch?

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