Gifting Economy Resources | Gifting Economy

A gifting economy is a system of exchange where valuables are given without an explicit agreement for immediate or future rewards, governed by social norms and customs. The Kula Ring, described by Bronisław Malinowski, is a classic example of a gifting economy. The gifting economy is based on the principle of sharing and reciprocity, where individuals and communities share resources without expecting immediate or future rewards.