Penny Capitalism
The term penny capitalism was first used in 1953 to describe indigenous economies in which there is land tenure over tiny plots of land, where farmers produce crop surplus and engage in small-scale trading. Microfinance evolved in penny capitalist economie Sol Tax Sol Tax (30 October 1907 – 4 January 1995) was an American anthropologist. He is best known for creating action anthropology and his studies of the Meskwaki, or Fox, Indians, for "action-anthropological" research titled the Fox Project, and for ... published a book entitled ''Penny Capitalism'' . He is said to have coined this ter Capitalism {{econ-theory-stub ...
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Indigenous
Indigenous may refer to: *Indigenous peoples *Indigenous (ecology), presence in a region as the result of only natural processes, with no human intervention *Indigenous (band), an American blues-rock band *Indigenous (horse), a Hong Kong racehorse * ''Indigenous'' (film), Australian, 2016 See also *Disappeared indigenous women *Indigenous Australians *Indigenous language *Indigenous religion *Indigenous peoples in Canada *Native (other) Native may refer to: People * Jus soli, citizenship by right of birth * Indigenous peoples, peoples with a set of specific rights based on their historical ties to a particular territory ** Native Americans (other) In arts and enterta ...

Land Tenure
In common law systems, land tenure, from the French verb "tenir" means "to hold", is the legal regime in which land owned by an individual is possessed by someone else who is said to "hold" the land, based on an agreement between both individuals. It determines who can use land, for how long and under what conditions. Tenure may be based both on official laws and policies, and on informal local customs (insofar higher law does allow that). In other words, land tenure implies a system according to which land is held by an individual or the actual tiller of the land but this person does not have legal ownership. It determines the holder's rights and responsibilities in connection with their holding. The sovereign monarch, known in England as The Crown, held land in its own right. All land holders are either its tenants or sub-tenants. ''Tenure'' signifies a legal relationship between tenant and lord, arranging the duties and rights of tenant and lord in relationship to the land. Ov ...
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Microfinance
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the delive ...
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Sol Tax
Sol Tax (30 October 1907 – 4 January 1995) was an American anthropologist. He is best known for creating action anthropology and his studies of the Meskwaki, or Fox, Indians, for "action-anthropological" research titled the Fox Project, and for founding the academic journal ''Current Anthropology.'' He received his doctorate from the University of Chicago in 1935 and, together with Fred Eggan, was a student of Alfred Radcliffe-Brown. Early life Tax grew up in Milwaukee, Wisconsin. During his formative years he was involved in a number of social clubs. Among these was the Newsboys Republic with which his first encounter was when he was "arrested" for breaking their rules. Tax began his undergraduate education at the University of Chicago but had to leave for lack of funds. He returned to school at the University of Wisconsin–Madison, where he studied with Ralph Linton. He later earned a doctorate at the University of Chicago in 1935. He joined the faculty of that institution i ...
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