(noun) The nonmarket transfer of goods or services between two or more people based on role determined obligations.
Example: The Kula exchange (also called Kula ring) in the Trobriand Islands near Papua New Guinea as studied by Bronislaw Malinowski (1884–1942).
Audio Pronunciation: (re·cip·ro·cal ex·change)
Download Audio Pronunciation: reciprocal exchange.mp3
- Plural: reciprocal exchanges
- Also called reciprocity.
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