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About: [dataTXT] Gift economy     Goto   Sponge   NotDistinct   Permalink

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  • Gift economy
  • gift economies
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  • [dataTXT] Gift economy
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  • A gift economy, gift culture, or gift exchange is a mode of exchange where valuables are not traded or sold, but rather given without an explicit agreement for immediate or future rewards. This contrasts with a barter economy or a market economy, where goods and services are primarily exchanged for value received. Social norms and custom govern gift exchange. Gifts are not given in an explicit exchange of goods or services for money or some other commodity.
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