Word info

money economy

Noun

Meaning

money economy (plural money economies)

(economics) A stage or system in an economy in which lawful money replaces barter in the exchange of goods.

Source: en.wiktionary.org

Examples

The metropolis has always been the seat of the money economy. Georg Simmel

Europeans were anxious to acquire gold in Africa because there was a pressing need for gold coin within the growing capitalist money economy. Walter Rodney

Money, amazingly, is losing its power... Our economy is rapidly changing from a money economy to a satisfaction economy. Martin Seligman

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