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Preferred term

potlatch  

Definition

  • Potlach is a noun used in anthropology and other social sciences to designate a feast, ceremony, or system of gift exchange, collective consumption, and the destruction of wealth. The less common verb to potlatch signifies the activity of hosting or participating in such a feast. [Source: Encyclopedia of Consumer Culture; Potlatch]

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https://concepts.sagepub.com/social-science/concept/potlatch

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