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barter
IPA:
Dictionary definition of barter
To exchange goods, services, or commodities directly between individuals or groups without involving money.
"The artisan would barter his handmade crafts for food and clothing."
Detailed meaning of barter
In a barter transaction, parties negotiate the terms of the trade, offering items they possess in exchange for items they need or desire. This practice dates back to historical times when currency was less prevalent, and it highlights the mutual understanding of value between the trading parties. Bartering involves a process of evaluating the worth of the items being exchanged and reaching an agreement that benefits both sides. While less common in modern economies due to the convenience of using currency, bartering continues to be relevant in certain situations and cultures, showcasing the basic principles of trade and resourcefulness in obtaining what is needed.
Example sentences containing barter
1. In the ancient marketplace, people would barter goods for what they needed.
2. They decided to barter their skills to save money on home repairs.
3. Bartering vegetables from the garden for fresh eggs became a routine.
4. Instead of cash, they agreed to barter homemade crafts for a haircut.
5. The nomadic tribes would often barter livestock for essential supplies.
6. Bartering helped the struggling community survive during tough times.
History and etymology of barter
The verb 'barter' has its etymological roots in the Old French word 'barater,' which means 'to barter' or 'to cheat.' 'Barter' is used to describe the practice of exchanging goods, services, or commodities directly between individuals or groups without involving money. The term embodies the concept of a direct exchange system, where one item or service is traded for another based on mutual agreement and perceived value. 'Barter' reflects the historical and essential method of trade before the widespread use of currency and serves as a reminder of the simplicity of early economic transactions. It underscores the fundamental human ability to negotiate and exchange resources to meet diverse needs and desires, often characterized by a spirit of cooperation and negotiation.
Further usage examples of barter
1. Barter systems have been used throughout history to facilitate trade.
2. In the absence of currency, people had to barter to meet their needs.
3. They bartered their surplus crops for textiles from neighboring villages.
4. He was skilled at bartering antique items for valuable collectibles.
5. Bartering fosters a sense of community and cooperation.
6. During economic downturns, people often turn to barter as an alternative to cash transactions.
7. In ancient times, people would barter goods for survival.
8. She decided to barter her art skills in exchange for gardening services.
9. The two neighbors agreed to barter vegetables from their gardens.
10. Barter was a common practice before the invention of currency.
11. They would barter livestock for necessary supplies.
12. The online platform facilitates barter exchanges between users.
13. In a barter economy, goods and services are traded without the use of money.
14. They would barter their surplus crops for tools and equipment.
15. The nomadic tribe would barter furs and pelts for weapons and tools.
16. Barter can be an effective way to obtain what you need without spending money.
17. The business owner offered to barter his services with a neighboring business.
18. She suggested a barter arrangement for carpooling to work.
19. The farmers would barter their harvest with neighboring communities.
20. Barter systems were prevalent in many ancient civilizations.
21. The artist proposed to barter paintings for a gallery space.
22. The barter fair was a gathering where people traded goods and services.
23. The survivalists practiced barter as a means of self-sufficiency.
24. Barter can foster a sense of community and cooperation.
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ACT 4 (American College Testing), Agreements and Settlements, Alternative Lifestyles and Poverty
bargain,deal,haggle,interchange,negotiate,swap,trade,transact
Synonyms for barter
Quiz categories containing barter
trade, buy, purchase, sell
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