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.Learn More
A marketing intermediary is a distribution channel and way for producers of various products and services to indirectly sell to the masses. The marketing intermediaries are used to get the product or service to the consumer and are often called "middlemen."Full Answer >
An inverse relationship in economics is a relationship in which an increase in one variable corresponds with a decrease in another variable. The law of demand illustrates this inverse relationship. It states that, with all things being equal, as price falls, demand rises.Full Answer >
The economic impact after the Civil War was devastating for the South and the North, because the war was extremely costly for both sides. It took decades for both sides to recover.Full Answer >
The main advantage of a cashless society is that a record of all economic transactions through electronic means makes it almost impossible to sustain black market or underground economies that often prove damaging to national economies, according to Infowars.com. Because it is also much more risky to conduct criminal transactions or avoid the proper payment of due taxes in a cashless society, such violations are likely to be greatly reduced.Full Answer >