What is gift economy? - Definition from WhatIs.comA gift economy is one in which services or goods are given without an agreement as to a suitable payment or trade to be made in return. Instead of monetary gain, gift economies often rely on intangible rewards like a sense of contribution, community, honor or prestige. The idea is that although gifts may not be directly reciprocated, broad participation leads to a system in which people give according to their abilities and receive according to their needs.
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