What term best describes exchanges of goods,services,or promises on terms that take place outside of traditional economic markets and are not enforceable in court?

Question

Quizplus · Accepted Answer

Noncontractual exchange relationships describe exchanges of goods, services, or promises that occur outside of traditional economic markets and lack legal enforceability in court. These are based on mutual understanding or trust rather than formal contracts.

What Term Best Describes Exchanges of Goods,services,or Promises on Terms