Bartering (also known as barter or exchange) is a commercial system in which individuals or businesses exchange goods or services without using money. Instead of buying and selling with cash or credit card, participants in barter trade goods or services of similar value by mutual agreement.

Bartering has been used for centuries as a form of trade worldwide and has experienced a resurgence in times of economic hardship, as it can be an effective way to reduce costs and conserve resources. Often, bartering takes place online or in local markets where participants can exchange goods and services more easily and efficiently.

However, it is important to note that bartering has its limitations and may not be as widely accepted as traditional currency in some commercial situations. Additionally, it is necessary to establish a fair value for the goods or services exchanged, which can be complicated in some cases.

 

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References

https://akademiun.com | https://avacum.com | https://hbr.org | The Exploding Business of Bartering | The Data Economy Is a Barter Economy