what is meant by barter system
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Barter is a system of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is distinguishable from gift economies in that the reciprocal exchange is immediate and not delayed in time.
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The system in which a person sells a thing that is wanted by other who is willing to give the thing that the seller wants. (coincidence of wants)
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