Fiat money is a suitable substitute used for trade barter.
they had a barter system. they didn't have money, just trade goods,
money
This is called the barter system.
Trade by barter is a system of trade whereby commodities are exchanged or traded upon without the use of medium of exchange i.e money. it is cumbersome as it entails double coincidence of wants.
Fiat money is a suitable substitute used for trade barter.
Barter
they had a barter system. they didn't have money, just trade goods,
barter
money
used to barter, trade and collect
This is called the barter system.
A trade, an exchange, or barter. An economic system which operates without money is called a barter system.
Trade by barter is a system of trade whereby commodities are exchanged or traded upon without the use of medium of exchange i.e money. it is cumbersome as it entails double coincidence of wants.
People trade by swapping good for goods (barter) or swapping money for a good or service.
Without money the world would have been dominated by barter trade
That is called Trade Barter Commerce Swapping Returns (an probably a whole lot more)