Gift Economy in Community Exchange | Gift Economy

Gift economy is a system of exchange where valuables are not sold, but rather given without an explicit agreement for immediate or future rewards. This concept has been explored in anthropology, with foundational research by Bronisław Malinowski and Marcel Mauss. In the context of community exchange, gift economy promotes social norms and customs that govern giving, with an expectation of reciprocity but without explicit exchange of goods or services for money.