Immediate & direct reciprocal exchange of goods or services without use of money.
1
They're Olympic pins, and here in Rio, they're the focus of a thriving barter economy.
2
An even more malignant variant is the barter economy.
3
In the absence of barter economy, the economy might have ground to a complete halt and deteriorated to subsistence agriculture.
4
The result was an unprecedented barter economy (more than 75% of all transactions) and a collapse of the popular trust in the rouble.
5
Barter economies that have no use for money exist mostly in fiction; any actual experience of money-free economies has been limited and not spectacularly successful.
6
For instance, even in times of extreme civil conflict, barter economies (think black markets) emerge entirely outside of the purview of the government.