Prepayment definition: A prepayment is a payment that you make before you receive goods or services, or before a... | Meaning, pronunciation, translations and examples
A traditional economy is an economic system where decisions are  based on customs, beliefs, or religion within a social community.  People work together to produce goods to â¦ meet their needs, and  share with family. They trade with their community/family with  their excess.
This excerpt is reposted from Co.Exist Written by Rachel Botsman You may have noticed the terms âsharing economy,â âpeer economy,â âcollaborative economy,â and âcollaborative consumptionâ being used synonymously.