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Economic History of Ukpum Minya in Pre-Colonial Era

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Description

– Economic History of Ukpum Minya in Pre-Colonial Era –

Download Economic History of Ukpum Minya in Pre-Colonial Era. Students who are writing their projects can get this material to aid their research work.

Abstract

It has been canvassed that the interaction between man and his habitat, in his bid to eke out a living facilitates his very existence. The implication of this planetization places an enduring burden on him because most provisions of nature are not readily available to him for direct use.

Besides, his basic needs such as food, shelter, clothing, tools and implement and so on, are not directly provided to him.

To circumvent these constraints, he ensures his survival through an economic process which is characterized by three key elements, namely: production, distribution (exchange) and consumption.

This research work is on the economic activities of the people of Ukpum Minya in pre-colonial era.

The research in its findings submits that the economic organization of the people of Ukpum Minya, which is concerned with how the people harness labor and technology to convert environmental resources into desirable products for distribution and consumption, was the means in which the people optimized the material means of their existence in pre-colonial era.

Introduction

1.1 Background of the Study

As earlier noted, the economic activities of man revolve around three major activities namely, production, distribution and consumption. To underscore this assertion, Cook maintains that

The economy is a culturally mediated field of human populations activity in which its members interact with their physical and social environment in the calculated attempt to acquire a living directly or indirectly1.

This view portrays the fact that an economic system is usually referred to as the mode of production which is constituted by the organic unity of the productive forces (labor, power, object of labor and the means of labor tools) and the social relations of production of the three components of the economic process, it is the production aspect that has received the least attention by scholars.

Whereas several scholars have been made on the distributive (exchange) and consumptive aspects of the economy on non western societies; these scholars have concentrated their energies on the classification of economic system into the ‘primitive’ (substantivist) and the ‘advanced’ (formalist) paradigms2.

Non western societies are slotted into the ‘primitive’ typology while western societies are allotted the advanced category3.

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