Regency » Barter economy
Barter is a practice of exchanging goods in kind. There is no standard barter economy, but rather barter serves as a means of exchange where money is scarce. In tribal societies where money is not indigenous, gift economies are the common means of distributing and allocating resources.
Barter is very common in many places, even though the exchange is calculated in terms of money, because of the stable value of money.
, 06-23-2009 at 09:31 PM|
Last edited by , 10-23-2011 at 02:02 PM
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By Elton Robb in forum MainComments: 0Last Post: 06-24-2007, 01:43 PM