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What Is Bartering?
Barter describes a type of trade in which goods or services are exchanged for other goods and services without the use of money. Before the establishment of currencies, barter was a common form of trade. Its roots have been found as far back as 9000 BC in ancient societies. Today organised barter exchange is still used by many businesses and individuals, spurred by the internet and web technology. Effective bartering can increase purchasing power and revenue, preserve cash, improve cash flow and improve efficiency. Swapping is another common form of bartering in which people trade goods or items of comparable value on a trust basis.
Written on Monday, 08 February 2010 21:44 by Trevor
Viewed 155 times so far.
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