Difference between revisions of "Barter"
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==Etymology== | ==Etymology== | ||
| − | [ | + | [https://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] bartren, from Anglo-French bareter to do [[business]], exchange, alteration of Old French barater |
| − | *Date: [ | + | *Date: [https://www.wikpedia.org/wiki/15th_Century 15th century] |
==Definitions== | ==Definitions== | ||
*to trade by exchanging one commodity for another | *to trade by exchanging one commodity for another | ||
==Description== | ==Description== | ||
| − | '''Barter''' is a [[method]] of exchange by which [[Things|goods]] or services are directly exchanged for other goods or services without using a [[medium]] of exchange, such as [[money]]. It is usually [ | + | '''Barter''' is a [[method]] of exchange by which [[Things|goods]] or services are directly exchanged for other goods or services without using a [[medium]] of exchange, such as [[money]]. It is usually [https://en.wiktionary.org/wiki/bilateral bilateral], but may be [https://en.wikipedia.org/wiki/Multilateral multilateral], and usually exists [[parallel]] to [[monetary]] [[systems]] in most developed countries, though to a very [[limited]] extent. Barter usually replaces [[money]] as the [[method]] of exchange in times of monetary [[crisis]], when the currency is unstable and devalued by [https://en.wikipedia.org/wiki/Hyperinflation hyperinflation].[https://en.wikipedia.org/wiki/Barter] |
[[Category: Economics]] | [[Category: Economics]] | ||
Latest revision as of 23:43, 12 December 2020
Etymology
Middle English bartren, from Anglo-French bareter to do business, exchange, alteration of Old French barater
- Date: 15th century
Definitions
- to trade by exchanging one commodity for another
Description
Barter is a method of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is usually bilateral, but may be multilateral, and usually exists parallel to monetary systems in most developed countries, though to a very limited extent. Barter usually replaces money as the method of exchange in times of monetary crisis, when the currency is unstable and devalued by hyperinflation.[1]
