Q:

What are some examples of the barter system?

A:

Bartering involves exchanging goods or services for other goods and services without involving money. For example, a store owner giving a contractor store credit in exchange for carpentry work is an example of bartering. A baker might bake a cake for his accountant in exchange for services.

People may also barter or trade goods for other goods. For example, someone with a motorcycle might trade the motorcycle for a car without cash exchanging hands. Although it has been used throughout history, bartering is gaining renewed acceptance as of 2014, as there are numerous bartering websites that help people connect and trade.


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    How does a barter system work?

    A:

    A barter system is an old system which involves exchanging goods and services for other goods and services. This system works effectively in situations where there is no a common measure of value to be used in trade.

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    What are the advantages of the barter system?

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