Anthropology

you are required to make( FIVE ) annotations (thoughtful comments about an article). Thoughtful annotations may engage in key points in the readings, stimulate discussion, offer informative questions or comments. Highlight a sentence or paragraph and make an annotation. Each annotation should be 4 sentences in length. Please spread the annotation in different pages. The articles is 26 pages so every 5 pages make an annotation please. I want annotation NOT annotated bibliography. The example is from my other class

ANSWER

Annotations:

 

Highlighted text

            Remember, that time is money. He that can earn ten shillings a day by his labour, and goes abroad, or sits idle, one half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only expense; he has really spent, or rather thrown away, five shillings besides. Remember, that credit is money. If a man lets his money lie in my hands after it is due, he gives me the interest, or so much  as I can make of it during that time. This amounts to a considerable sum where a man has good and large credit, and makes good use of it.

Comment

It is hard to examine the people’s culture, lifestyles, believes and practices without highlighting economic and political systems within which money circulates. Money is a key medium of exchange. It allows individuals to exchange goods and services in an economy. Indeed, time is money and can be used generate more returns over time.

 

 

 

 

 

 

 

 

 

 

 

 

Highlighted text

Honesty is useful, because it assures credit; so are punctuality, industry, frugality, and that is the reason they are virtues. A logical deduction from this would be that where, for instance, the appearance of honesty serves the same purpose, that would suffice, and an unnecessary surplus of this virtue would evidently appear to Franklin’s eyes as unproductive waste.

Comment

A concept like responsibility, character, virtues and freedom are important in economic and political systems. Besides, they are also important to an individual. For instance, honesty is key essential when it comes to business transactions since it assures credit. People who engage themselves in business transaction must exhibit high level of responsibility, accountability and honesty.

 

 

 

 

 

 

 

 

 

 

 

 

Highlighted text

            One of the technical means which the modern employer uses     in order to secure the greatest possible amount of work from his men is the device of piece-rates. In agriculture, for instance, the gathering of the harvest is a case where the greatest possible intensity of labour is called for, since, the weather being uncertain, the difference between high profit and heavy loss may depend on the speed with which the harvesting can be done. Hence a system of piece-rates is almost universal in this case. And since the interest of the employer in a speeding-up of harvesting increases with the increase of the results and the intensity of the work, the attempt has again and again been made, by increasing the piece-rates of the workmen, thereby giving them an opportunity to earn what is for them a very high wage, to interest them in increasing their own efficiency.

Comment

Successful development of an economy, an organization a country or region depends on the efforts (in terms of labor) and the strategies used to realize better outcomes. Labor and high level of productivity fuels growth and development. The greatest amount of work from men is secured when they are motivated to work. The level of productivity increases when workers are well-compensated or paid.

 

 

 

 

 

 

 

 

 

Highlighted text

The management, for instance, of a bank, a wholesale export business, a large retail establishment, or of a large putting-out enterprise dealing with goods produced in homes, is certainly only possible in the form of a capitalistic enterprise. Nevertheless, they may all be carried on in a traditionalistic spirit. In fact, the business of a large bank of issue cannot be carried on in any other way. The foreign trade of whole epochs has rested on the basis of monopolies and legal privileges of strictly traditional character.

Comment

There is a close relationship between anthropology and business management. No business can make huge profits and experience significant growth without proper management of resources like labor. Today, businesses carry out their operations and management practices based on both past/traditional and modern experiences that provide culturally appropriate ways of conducting business. Legal practices and traditionalistic spirit are key to the success of modern businesses.

 

 

 

 

 

 

 

 

 

 

 

Highlighted text

Labour in the service of a rational organization for the provision of humanity with material goods has without doubt always appeared to representatives of the capitalistic spirit as one of the most important purposes of their life-work. It is only necessary, for instance, to readFranklin’s account of his efforts in the service of civic improvements in Philadelphia clearly to apprehend this obvious truth. And the joy and pride of having given employment to numerous people, of having had a part in the economic progress of his home town in the sense referring to figures of population and volume of trade which capitalism associated with the word, all these things obviously are part of the specific and undoubtedly idealistic satisfactions in life to modern men of business

 

Comment

Capitalism is an economic system that thrives in an environment or labor market that is characterized by the existence of talented laborers. Thus, when both private business owners and workers embrace a capitalistic spirit then great developments will be experienced. People’s joy and pride is attached to the sense/feeling of being part of economic development and progress. Human beings derived their satisfaction from what they do.