Money is more useful than barter in most cases, though, since money is exchangeable for any desirable good or medium. Barter is only useful if both parties want a good or service that the other party can render. As a result, unless two parties actually wish to exchange goods for less than market value, they will opt to do a transaction valuated in currency.
This is known as bartering.
This is called the barter system.
Bartering involves trading goods and services without the use of money. The politician had been bartering favors for information during most of his career.
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. Since bartering is exclusive to the use of money, there is no such thing as "barter money".
This is known as bartering.
Because it is a more efficient means of exchange than bartering.
bartering
Nothing. Bartering still exists; it is simply less popular than exchanging goods and services for money because money can purchase any good or service, not just the ones that the individual you are trading with can provide.
Bartering
This is called the barter system.
Money was first introduced in bartering economies as a store of value, but its introduction quickly ended the practice of bartering since the benefit of having a fungible item used as a marker of value became obvious quickly.
Bartering
Bartering involves trading goods and services without the use of money. The politician had been bartering favors for information during most of his career.
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. Since bartering is exclusive to the use of money, there is no such thing as "barter money".
If bartering is conducted in a friendly manner it can save you money, or get you a little extra in the way of goods or services.
bartering