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Natural economy

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What is NATURAL ECONOMY? What does NATURAL ECONOMY mean? NATURAL ECONOMY meaning & explanation

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Inside Economy of Argentina

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Singapore's Economic Success | The Economist

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How to fuel the future | The Economist

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The race is on: Growing economy, shrinking resources

Natural economy refers to a type of economy in which money is not used in the transfer of resources among people. It is a system of allocating resources through direct bartering, entitlement by law, or sharing out according to traditional custom. In the more complex forms of natural economy, some goods may act as a referent for fair bartering, but generally currency plays only a small role in allocating resources. As a corollary, the majority of goods produced in a system of natural economy are not produced for the purpose of exchanging them, but for direct consumption by the producers (subsistence). As such, natural economies tend to be self-contained, where all the goods consumed are produced domestically.
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