Other Free Encyclopedias » 21st Century Webster's Family Encyclopedia » 21st Century Webster's Family Encyclopedia - Barley to Bellows, George Wesley

Barter

money system

Barter, exchange of goods or services instead of money. Many primitive economies work on this system, and barter agreements are still common in international trade. During acute inflation when the value of money changes daily, a barter system may work better.

John Barth [next] [back] Béla Bartók

User Comments

Your email address will be altered so spam harvesting bots can't read it easily.
Hide my email completely instead?

Cancel or