Barter system: The barter system represents one of

The barter system represents one of the earliest forms of economic exchange, providing valuable insights into the social and economic structures of early human societies. Before the advent of monetary systems, bartering — the direct exchange of goods or services without the use of currency — was the norm. barter , the direct exchange of goods or services—without an intervening medium of exchange or money—either according to established rates of exchange or by bargaining. In this article, we discuss what is bartering, and how the barter economy works, find its characteristics and challenges and explore frequently asked questions about barter .