Term
no name page 1 keys of batering |
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Definition
- bartering is where goods or services are directly exchanged for a certain amount of other goods or sevices.
- no money is involved in the transaction
- barter still exists in certain societies, differing from traditonal gift exchange
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Term
no name page 1-2 keys of bartering |
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Definition
- barter can be used correctly as a synonum for counter trade; however, counter trade most often describes a form of international barter
- the beginning of the barter trade originated at the time human societies began to develop, continues to exist in some societies today
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Term
no name page 2 keys of bartering |
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Definition
- modern days of bartering with the primary exchange being of that cattle
- these including cows and camels
- this developed into the trade of shells and other items and continued to evolve all the way to the modern for of paper money in use today
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Term
no name page 2-3 keys of bartering |
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Definition
- although bartering may seem like a simple concept of trade, there are a number of drawbacks to the system
- one disadvantage of bartering is that it depends upon a mutual coincidence of wants
- before a transaction is complete the demand of what the other party wants must recieve
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Term
no name page3 keys of bartering |
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Definition
- bartering future runs along side the development of internet based technology and rapid globalization.
- the internet portal has catapulted the once primitive barder system into a global form of trade, which has been increasingly viewed as the massive barter economy
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