Commercial economy

Commercial economy,

Definition of Commercial economy:

  1. Those aspects of an economy that are tied to the exchange of goods, services, and labor activities that have a well defined monetary value. The commercial economy does not include activities such as childrearing, housework, family caregiving, and other types of necessary domestic labor which are typically performed on an unpaid basis. Commercial economies are often contrasted with sharing or gift economies where exchanges may not have an assigned monetary value.

Meaning of Commercial economy & Commercial economy Definition