What's barter trade
Economics
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Answer
Barter trade is an ancient economic system where goods or services are directly exchanged for other goods or services without the use of money.
It involves a direct transaction between two parties, where each party has something the other desires. For example, a farmer might trade a sack of potatoes for a pair of shoes from a cobbler.
The main challenge with barter is the "double coincidence of wants," meaning both parties must simultaneously want what the other has to offer for a trade to occur.
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