Barter economy refers to a trading system.
Understand the Problem
The question is presenting a definition or concept of a barter economy, which is a trading system where goods and services are exchanged directly for other goods and services without using money. It implies a discussion or inquiry into the characteristics and functioning of such an economic system.
Answer
Barter economy is a trading system where goods or services are exchanged without money.
Barter economy refers to a trading system where goods or services are exchanged directly without the use of money.
Answer for screen readers
Barter economy refers to a trading system where goods or services are exchanged directly without the use of money.
More Information
In a barter economy, transactions are made by exchanging goods or services directly, making it one of the oldest forms of economic transactions. It pre-dates currency-based economies.
Sources
- What is Bartering? - Mailchimp - mailchimp.com
- Barter System, Exchange Economy & Bartering - Money - Britannica - britannica.com
- Barter Economy Definition: 3 Examples - MasterClass - masterclass.com
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