gifting economy

A gifting economy is a social system where individuals give goods or services freely without expecting immediate reciprocation or monetary exchange. Instead, it relies on trust, community bonds, and mutual support, with the understanding that gifts will circulate and be returned over time through continued generosity. This approach fosters relationships, social cohesion, and a sense of shared responsibility, contrasting with traditional market economies driven primarily by profit. Gifting economies are often seen in cultural traditions, local communities, or alternative lifestyles, emphasizing collective well-being over transactional transactions.