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  2. Barter - Wikipedia

    en.wikipedia.org/wiki/Barter

    In trade, barter (derived from bareter [1]) 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. [2]

  3. Mutual credit - Wikipedia

    en.wikipedia.org/wiki/Mutual_credit

    "Mutual credit" (sometimes called "multilateral barter" or "credit clearing") is a term mostly used in the field of complementary currencies to describe a common, usually small-scale, endogenous money system. The term implies that creditors and debtors are the same people lending to each other, but there are several nuances.

  4. Trade - Wikipedia

    en.wikipedia.org/wiki/Trade

    Economists refer to a system or network that allows trade as a market. Traders generally negotiate through a medium of credit or exchange, such as money. Though some economists characterize barter (i.e. trading things without the use of money [1]) as an early form of trade, money was invented before written history began. Consequently, any ...

  5. Countertrade - Wikipedia

    en.wikipedia.org/wiki/Countertrade

    Countertrade also occurs when countries lack sufficient hard currency, or when other types of market trade are impossible.. In 2000, India and Iraq agreed on an "oil for wheat and rice" barter deal, subject to United Nations approval under Article 50 of the UN Persian Gulf War sanctions, that would facilitate 300,000 barrels of oil delivered daily to India at a price of $6.85 a barrel while ...

  6. Non-monetary economy - Wikipedia

    en.wikipedia.org/wiki/Non-monetary_economy

    A moneyless economy or nonmonetary economy is a system for allocation of goods and services without payment of money. The simplest example is the family household. Other examples include barter economies, gift economies and primitive communism. Even in a monetary economy, there are a significant number of nonmonetary transactions.

  7. Medium of exchange - Wikipedia

    en.wikipedia.org/wiki/Medium_of_exchange

    In a barter transaction, one valuable good is exchanged for another of approximately equivalent value. William Stanley Jevons described how a widely accepted medium allows each barter exchange to be split into three difficulties of barter. [19] A medium of exchange is deemed to eliminate the need for a coincidence of wants.

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  9. Barter system - Wikipedia

    en.wikipedia.org/?title=Barter_system&redirect=no

    This page was last edited on 20 March 2008, at 14:48 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...