Difference between revisions of "Barter"
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| − | ''' | + | '''Bartering''' is the act of paying for goods or services with other goods or services, instead of with [[money]]. It is often popular when the quality of money is low or uncertain, perhaps because of high inflation or counterfeiting, or when people are asset-rich but cash-poor, or when taxation or extortion by criminals is high. |
[[Category:Economics]] | [[Category:Economics]] | ||
Latest revision as of 23:03, May 21, 2010
Bartering is the act of paying for goods or services with other goods or services, instead of with money. It is often popular when the quality of money is low or uncertain, perhaps because of high inflation or counterfeiting, or when people are asset-rich but cash-poor, or when taxation or extortion by criminals is high.
