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Definition: free economy


Productive improvements to living in the digital age that are not counted in the GDP. The free economy includes encyclopedias, newspapers, mobile applications, email and open source software, as well as many other voluntary contributions posted online from the community, all of which are free, and all of which were paid commodities in the past. See New Economy, gig economy, iEconomy, instant gratification economy, iPhone economy and on-demand economy.