barter system
Trade without currency
A barter system is an economic arrangement where goods and services are exchanged directly for other goods and services, without using money as an intermediary.
Before currency existed, communities relied on barter systems.
The term often appears in discussions of pre-monetary economies or as an alternative when currency fails: During the crisis, a barter system emerged among neighbors.
- mutual benefitGain for all involved
- quid pro quoReciprocal exchange of value
- wampumIndigenous American bead currency
- tradeExchange of commodities
- goods and servicesProducts and provided labor
cowrie · exchange · ancient trade · subsistence economy · haggling · alternative currency · in-kind · reciprocity · swap · shared resources · informal agreements · medieval markets · trade fairs · feudal economy · old fashioned · negotiate · countertrade · village market
- barterswap, trade, exchange, haggling, bargain
- Exchangeexchange, swap, trade-in, trade-off, quid pro quo
- exchangestrading, swap, swapping, bartering, exchange rate
- village lifevillage, hamlet, thatched roofs, chalet, folk tales
- trade historycommerce, merchant, trade routes, traders, colonial economy
- ancient tradeSilk Road, caravan routes, trade routes, trade route, spice trade
barter systemmonetary system
Framework for managing currency
cash economy · gold standard · digital currency · cryptocurrency
barter systemfinancial system
Institutions managing money flow
market economy · electronic commerce · digital economy · e-commerce · central banking