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Meaning of non-monetary system
A system in which goods or services are exchanged without using money.
Etymology of non-monetary system
The term "non-monetary system" is derived from the Latin words "non" meaning "not" and "moneta" meaning "money".
The concept of non-monetary systems has been present throughout history, with examples of bartering and gift economies found in ancient cultures.
Synonyms
bartering system
exchange system
reciprocity
reciprocatory system
non-cash system
in-kind system
commodity-based system
gift economy
sharing economy
cooperative system
mutual aid system
communal system
collective system
cooperative exchange
time banking
skill swap
resource sharing
collaborative consumption
non-market system
subsistence economy
informal economy
underground economy
black market
alternative currency
local exchange trading system
mutual support system
solidarity economy
Definitions
- A system in which goods or services are exchanged for other goods or services without using money.
- * A system in which people exchange goods or services directly, without using a medium of exchange like money.
Usage Examples
- The village has a non-monetary system, where people exchange goods and services based on their skills and needs.
- * The company is exploring a non-monetary system for rewarding employees, such as offering extra time off or flexible work arrangements.
Antonyms
monetary system
cash economy
market economy
capitalist system
commercial system
financial system
economic system
profit-based system
market-based system
commodity-based economy
cash-based system
wage-based system
salary-based system
fee-based system
commercial exchange
financial exchange
economic exchange