Q:
What are some examples of the barter system?
A:
Quick Answer
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.
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Full Answer
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 there are numerous bartering websites that help people connect and trade.
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