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ABSTRACT
The pre-colonial Idode social formation was homogenous but also varied in other patterns in number of ways to other Yoruba speaking societies. The farmer made use of simple agricultural implement such as machete to till the land for the production of food crops to meet the daily demand of the expanding population. Idode people from inception had developed a suitable mode of capital formation; production, distribution, exchange and consumption which formed the bedrock of rural livelihood. The pre-colonial socio-economics of the people was laced on communal social relations, similar to what was prevalent in other African societies. Primitive appropriation of surplus, expropriation of land, labor, capital and individualistic accumulation were virtually nonexistent under the pre-colonial communal system, because law of reciprocity profoundly moderated relations of production. Groups, kinship and sex interchanged labor and capital for the creation of further wealth and combine development. The people had reached an advanced stage in the satisfaction of their basic amenities of life prior to European intervention. They conveniently produced their food, clothing, and shelter. Their economy was also diverse to incorporate craft and arts making.
