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mutualism

noun

  1. An economic system based on free labor and fair trade
  2. organism relationship in which each individual benefits from the activity of the other
L301710 on Wikidata ↗

Wiktionary

Pronunciation: /ˈmjuː.tʃʊ.əˌlɪz.m̩/ / /ˈmju.t͡ʃu.əˌlɪz.m̩/

noun

Etymology: From mutual + -ism. Compare French mutualisme and Italian, Portuguese, and Spanish mutualismo.

  1. Any interaction between two species that benefits both; typically involves the exchange of substances or services.
  2. An economic theory and anarchist school of thought that advocates a society where each person might possess a means of production, either individually or collectively, with trade representing equivalent amounts of labor in the free market.