Monetized Economy

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Monetized Economy

A Monetized Economy is any economy that uses some form of abstract currency (e.g., Money) rather than Barter, for labour exchange.

Concept Map

Key Terms

World System >

• Comprehensive Framework
• Human Development Framework
• Institutional Structure

Institutional Structures >

• Productive Structure
• Economic Structure
• Communication Structure
• Educational Structure
• Administrative Structure

Economic Structures >

• Barter
• Economy
• Money

Economy >

• Informal Economy
• Monetized Economy
• Official Economy
• Underground Economy

Syncretic Terms

Monetized Economy >

Related LP Terms

Monetized Economy >

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Footnotes

References