Originally exchange took place without the use of money, by barter. Long before money had come into the commercial world people exchanged goods for goods. This system of barter made it possible to satisfy many wants that would otherwise have gone unsatisfied. Barter raised the standard of living, but under such a system the exchange of goods was greatly hampered.…
Tag: Barter
The Demonetization Of The East
In December 2002, Poland decided to purchase 48 F-16 Falcons from Lockheed Martin Corporation – an American defense contractor. Pegged at $3.5 billion, this is the biggest defense order ever issued by an east or central European country. The financial package includes soft loans and a massive offset program – purchases from Polish manufacturers that more than erase the costs…
Barter Systems Trading What You Have For What You Want
Bartering has been around literally forever or nearly so. In fact, bartering predates the use of formal currency as a measure of exchange for labor or goods. What is bartering? Simply put, it’s the exchange of goods or services without the use or exchange of formal currency. You may, for example, barter with a friend to mow your lawn in…
Get Your Accounting And Bookkeeping Done For 90 Off With This Secret Economic Loophole
If you would like to get all your accounting and bookkeeping services done for 20, 15, even as low as ten cents on the dollar, then this article will show you how. Check this out: Although most people don’t know it, there is a billion dollar worldwide industry called the barter or “trade” industry. And in this industry there are…