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Barter
Barter

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!!! Overview
[{$pagename}] (derived from baretor) is a system of [Exchange] in which participants in a transaction directly exchange goods or services for other goods or services without using a [medium of exchange], such as [money].
Economists distinguish [{$pagename}] from gift economies in many ways; barter, for example, features immediate reciprocal exchange, not one delayed in time. [{$pagename}] usually takes place on a bilateral basis, but may be multilateral (if it is mediated through a trade exchange).
In most developed countries, [{$pagename}] usually exists parallel to monetary systems only to a very limited extent. Market actors use [{$pagename}] as a replacement for [money] as the method of exchange in times of monetary crisis, such as when [currency] becomes unstable (such as hyperinflation or a deflationary spiral) or simply unavailable for conducting commerce.
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
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* [#1] - [barter|Wikipedia:barter|target='_blank'] - based on information obtained 2021-10-16
This page (revision-1) was last changed on 29-Nov-2024 16:16 by -jimTop