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Technicaly if you exchange something with X resale value for something with X + 1 resale value. Then you are required to pay tax on the 1.
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∙ 15y ago
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What is exchange of goods and services?
trade or bartering
What is the free exchange of goods and services?
Bartering
What is the term for trade that is based on the exchange of goods rather than for money?
This is known as bartering.
Trading without the use of money is called?
Trading without the use of money is called bartering. In bartering, goods or services are exchanged directly for other goods or services without using a medium of exchange like money.
Which describes the type of exchange that does not use money?
Bartering
What is the exchange of goods without using money?
This is called the barter system.
Why did people begin using coin money instead of bartering?
Because it is a more efficient means of exchange than bartering.
Can bartering be taxed?
Bartering can be taxed if it involves income. If the goods are traded for fair value, it may be tax exempt.
Why is bartering inefficient?
Barter is an inefficient means of exchange because
How did the Incas traded?
They had trading relationships with several towns nearby. The usual form of trade was the bartering or exchange of goods. They had trading relationships with several towns nearby. The usual form of trade was the bartering or exchange of goods. They had trading relationships with several towns nearby. The usual form of trade was the bartering or exchange of goods.
What was the role of bartering?
Bartering is the exchange of goods or services for other goods or services, without money. E.g. I will cut your hair if you give me two books.
Is bartering a government?
NO. Bartering is the exchange of goods or services for other goods or services, without money. E.g. I will cut your hair if you give me two books.
