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token economy
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noun Psychiatry.
a method of encouraging desirable behavior, especially in a hospital setting, by offering rewards of token money that can be exchanged for special food, access to television, and other bonuses.
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Origin of token economy
First recorded in 1965–70
Words nearby token economy
tokay, toke, Tokelau, Tokelau Islands, token, token economy, tokenism, tokenize, token money, token payment, token strike
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use token economy in a sentence
There are bright spots in the token economy, including Tezos, which raised over $200 million in 2017 and, despite early controversies, has built a popular network for smart contracts.
British Dictionary definitions for token economy
token economy
noun
a type of psychotherapy in which the inmates of an institution are rewarded for good behaviour with tokens that can be exchanged for privileges
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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