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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]
The paperclip that Kyle MacDonald used to start the series of trades by which eventually he traded for a house. One red paperclip is a website created by Canadian blogger Kyle MacDonald, who traded his way from a single red paperclip to a house in a series of fourteen online trades over the course of a year. [1]
Openclipart, also called Open Clip Art Library, is an online media repository of free-content vector clip art.The project hosts over 160,000 free graphics and has billed itself as "the largest community of artists making the best free original clipart for you to use for absolutely any reason".
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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Examples of computer clip art, from Openclipart. Clip art (also clipart, clip-art) is a type of graphic art. Pieces are pre-made images used to illustrate any medium. Today, clip art is used extensively and comes in many forms, both electronic and printed. However, most clip art today is created, distributed, and used in a digital form.
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There is no evidence, historical or contemporary, of a society in which barter is the main mode of exchange; [23] instead, non-monetary societies operated largely along the principles of gift economy and debt. [24] [25] [26] When barter did in fact occur, it was usually between either complete strangers or potential enemies. [27]