Gift Economy

C1 8+

Pronunciation: /ɡɪft ˈɛkəˌnɑmi/

Definitions of gift economy

noun a system in which goods and services are given without any explicit agreement for immediate or future rewards

Example Sentences

A1 In a gift economy, people give things to each other without expecting anything in return.

A2 The concept of a gift economy is based on the idea of sharing resources and helping others without the need for money.

B1 Some indigenous cultures still practice a gift economy where goods and services are exchanged without the use of currency.

B2 The gift economy model can be seen in online communities where members freely share their knowledge and skills with one another.

C1 Anthropologists study the dynamics of gift economies and how they shape social relationships and cultural practices.

C2 The sustainability of a gift economy relies on trust, reciprocity, and a sense of community among its participants.

Examples of gift economy in a Sentence

formal The concept of gift economy is based on the principle of giving without the expectation of receiving something in return.

informal In a gift economy, people freely share and exchange goods and services without the need for money.

slang Some online communities operate on a gift economy model where members can offer and receive items for free.

figurative Her generosity created a gift economy of kindness and support among her friends and family.

Grammatical Forms of gift economy

plural

gift economies

comparative

more gift-based

superlative

most gift-centered

present tense

gift economy

future tense

will have a gift economy

perfect tense

has had a gift economy

continuous tense

is having a gift economy

singular

gift economy

positive degree

gift economy

infinitive

to have a gift economy

gerund

having a gift economy

participle

gift economy

Origin and Evolution of gift economy

First Known Use: 1601 year
Language of Origin: English
Story behind the word: The concept of a gift economy has roots in various indigenous cultures and ancient societies where goods and services were exchanged without the expectation of immediate or direct compensation.
Evolution of the word: Over time, the term 'gift economy' has evolved to encompass a broader understanding of non-monetary exchanges and reciprocal relationships in modern societies.