Dec 10, 2021
2 min read
2021: Creating a Lexicon of Future
G is for Gift Economy
A gift economy or gift culture is a mode of exchange where valuables are not sold, but rather given without an explicit agreement for immediate or future rewards. Social norms and customs govern giving a gift in a gift culture, gifts are not given in an explicit exchange of goods or services for money, or some other commodity or service. This contrasts with a barter economy or a market economy, where goods and services are primarily explicitly exchanged for value received.~ Wikipedia
A gift economy is one in…
