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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.
Barter may also occur when people cannot afford to keep money (as when hyperinflation quickly devalues it). [18] An example of this would be during the Crisis in Bolivarian Venezuela, when Venezuelans resorted to bartering as a result of hyperinflation. The increasingly low value of bank notes, and their lack of circulation in suburban areas ...
For example, between two parties in a barter system, one party may not have or make the item that the other wants, indicating the non-existence of the coincidence of wants. Having a medium of exchange can alleviate this issue because the former can have the freedom to spend time on other items, instead of being burdened to only serve the needs ...
Barriers to entry often cause or aid the existence of monopolies or give companies market power. barter. also called direct exchange. In trade, 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. [33]
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Here are some examples of what just basic vintage games could make you if you sell them. Space Invaders (Atari 2600, 1978): $75 to $1,450 Pong (original Atari Pong C-100, 1972): $100 to $150
"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.