Barter
Barter
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Summary of Barter
A direct exchange of products without cash
. In some cases, a third party is brought into the transaction to dispose of some or all of the goods in a third country; this practice is known as switch trading. See Countertrade.
(Main Author: William J. Miller)
Barter and International Trade Economy
In relation to international trade economy, Christopher Mark (1993) provided the following definition of Barter: The direct exchange of goods or services for other goods or services, without the use of money as a medium of exchange. Various forms of international transactions involving barter are referred to as countertrade (Sec. I).
Barter in International Trade
Meaning of Barter, according to the Dictionary of International Trade (Global Negotiator): A form of countertrade involving the direct exchange of goods and/or services for other goods and/or services, without the use of money and without the involvement of a third party. Barter is an important means of trade with countries using unconvertible currencies.
Barter
Resources
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See Also
Including similar content viewed by others, in case you missed it:
Trade
Market
White Market
Financial Market
Trade Law
Competition Law
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
See Also
Including similar content viewed by others, in case you missed it:
Exchange
Hierarchical Display of Barter
Trade > Trade > Trading operation
Economics > Economic structure > Economy > Underground economy
Barter
Concept of Barter
See the dictionary definition of Barter.
Characteristics of Barter
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Barter
Spanish: Trueque
French: Troc
German: Tauschhandel
Italian: Baratto
Portuguese: Troca direta
Polish: Handel wymienny
Thesaurus of Barter
Trade > Trade > Trading operation > Barter
Economics > Economic structure > Economy > Underground economy > Barter
See Also
Including similar content viewed by others, in case you missed it: