Concept information
Preferred term
nonmonetary economy
Definition
- Among the most critical parts of a healthy community economy are its nonmonetary components, such as household labor and civic activity. If these components were reasonably valued in monetary terms, they would increase our gross domestic product by half—or even more. [Source: Encyclopedia of Community: From the Village to the Virtual World; Nonmonetary Economy]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/nonmonetary_economy
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