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Meaning of bartering system
The primary meaning of "bartering system" refers to a system of trading goods or services without using money.
Etymology of bartering system
The word "bartering" comes from the Old French word "barater," which means "to trade" or "to exchange."
The term "bartering system" has been used since the 15th century to describe a system of exchange where goods or services are traded for other goods or services, rather than for money.
Synonyms
trading system
exchange system
swap system
reciprocity
mutualism
cooperation
commerce
trade
business
negotiation
deal-making
haggling
bargaining
auctioning
bidding
purchasing
selling
marketing
merchandising
retailing
wholesaling
distribution
circulation
reciprocity
give-and-take
quid pro quo
tit for tat
do ut des
Definitions
- A system of trading goods or services without using money, in which people exchange things they have for things they want or need.
- * An economic system in which goods or services are exchanged for other goods or services, rather than for money.
Usage Examples
- The company uses a bartering system to exchange goods with other businesses, rather than using cash.
- * In some rural communities, a bartering system is used to exchange goods and services, such as food, clothing, and labor.
Antonyms
monetary system
cash economy
market economy
capitalist system
commercial system
financial system
banking system
monetary exchange
cash transaction
paid labor
wage system
salary system
compensation system
reward system
incentive system
fee-based system