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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]
[11] [12] When barter did in fact occur, it was usually between either complete strangers or potential enemies. [13] Many cultures around the world eventually developed the use of commodity money. The Mesopotamian shekel was a unit of weight, and relied on the mass of something like 160 grains of barley. [14]
from Old French changier, "to change, alter", from the late Latin word cambiare derived from an older Latin word cambire, "to barter, exchange", a word of Gaulish origin, from PIE root *kemb- "to bend, crook". [31] charge from Latin carrus via French, ultimately from the same Gaulish root as "car". [32] chariot
There is no evidence, historical or contemporary, of a society in which barter is the main mode of exchange; [23] [24] instead, non-monetary societies operated largely along the principles of gift economy and debt. [25] [26] [27] When barter did in fact occur, it was usually between either complete strangers or potential enemies. [28]
Brass trade token from Fort Laramie, Dakota Territory, used in a truck system. Truck wages are wages paid not in conventional money but instead in the form of payment in kind (i.e. commodities, including goods and/or services); credit with retailers; or a money substitute, such as scrip, chits, vouchers or tokens.
Next subsections of this site should be devoted to further discussion of barter from economic and anthropological perspective. 1muflon1 21:47, 6 August 2023 (UTC) I disagree here. In economics barter is viewed as a spot transaction arranged on a principle of exchange of a fixed quantity of goods (or to stretch it, future goods).
An indigenous Assamese woman belonging to the Tiwa community. During the occasion a huge bazaar is held. A few days before the mela starts, indigenous tribal communities of Assam Hills and neighborhood like Hills Tiwa, Karbi, Khasi, and Jayantia of the northeast come down from the hills with products and interchange their merchandise with the native indigenous Assamese people in a barter system.
Etymology Old English ... Old English céap meant "deal, barter, business". The modern adjective cheap is a comparatively recent development from the phrase a good ...