Barter

Economic Concepts

Barter is a trading system in which participants directly exchange goods or services without using money or another medium of exchange. It generally involves immediate reciprocal exchange and is usually bilateral, though it can be multilateral through a trade exchange. In developed countries, barter is generally limited alongside monetary systems, but it may replace money during monetary crises. Anthropologists have found no evidence that money emerged from barter.

Exchange method: Direct exchange of goods or services
Reciprocity: Usually immediate
Typical basis: Usually bilateral

Sources and credits

Article: Barter (English Wikipedia)
Wikidata: Q484830
Text: Card text is adapted from the English Wikipedia article by an automated summary. Wikipedia content is available under CC BY-SA 4.0; see the article history for its contributors. CC BY-SA 4.0 · Article history and contributors
Illustration: By F.S. Church, published in Harper's Weekly, January 17, 1874, p. 61.. Public domain · File page on Wikimedia Commons
F.S. Church, published in Harper's Weekly, January 17, 1874, p. 61., This image is available from the United States Library of Congress's Prints and Photographs division under the digital ID cph.3c01495.This tag does not indicate the copyright status of the attached work. A normal copyright tag is still required. See Commons:Licensing.
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