Barter

Summary of Barter

A direct exchange of products without cash. In some cases, a third party is brought into the transaction to dispose of some or all of the goods in a third country; this practice is known as switch trading. See Countertrade.

(Main Author: William J. Miller)

Barter and International Trade Economy

In relation to international trade economy, Christopher Mark (1993) provided the following definition of Barter: The direct exchange of goods or services for other goods or services, without the use of money as a medium of exchange. Various forms of international transactions involving barter are referred to as countertrade (Sec. I).

Barter in International Trade

Meaning of Barter, according to the Dictionary of International Trade (Global Negotiator): A form of countertrade involving the direct exchange of goods and/or services for other goods and/or services, without the use of money and without the involvement of a third party. Barter is an important means of trade with countries using unconvertible currencies.

Barter

Resources

See Also

• Trade
• Market
• White Market
• Financial Market
• Trade Law
• Competition Law

Resources

See Also

• Exchange

Hierarchical Display of Barter

Trade > Trade > Trading operation
Economics > Economic structure > Economy > Underground economy

Barter

Concept of Barter

See the dictionary definition of Barter.

Characteristics of Barter

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Resources

Translation of Barter

• Spanish: Trueque
• French: Troc
• German: Tauschhandel
• Italian: Baratto
• Portuguese: Troca direta
• Polish: Handel wymienny

Thesaurus of Barter

Trade > Trade > Trading operation > Barter
Economics > Economic structure > Economy > Underground economy > Barter

See also

• Underground economy