Meaning of gift economy | Babel Free

Definitions

A traditional economy where valuable goods are not traded or sold, but rather given away, sometimes with the expectation that they (or goods of equivalent or higher value) will later be given back.

Equivalents

Examples

“Community activists will increasingly use hypermedia to replace corporate capitalism and big government with a hi-tech ‘gift economy’ in which information is freely exchanged between participants.”

CEFR level