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What is Barter

Bartering is an Ancient concept. Before the creation of currency, barter was the sole form of trading goods and services between individuals. Barter is a system of exchange by which goods or services are directly exchanged for other goods or services without using currency. The key difference between bartering and buying is that bartering does not involve a monetary transaction, rather the companies exchange their goods and services for trading. It is also called counter-trade, which is helpful for those companies or businesses that have fewer financial resources but plenty of commodities to trade in. You can barter one related product or services for another. It’s about making deals.

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