barter market

A barter market is an exchange system where goods or services are traded directly for other goods or services, without using money. Participants negotiate and agree on the value of their offerings, matching needs based on mutual benefit. This system relies on the direct exchange to satisfy both parties, often used in local communities or among businesses to conserve cash or leverage surplus resources. Bartering can streamline transactions and foster relationships but may be limited by the need for a "coincidence of wants," meaning both parties must have what the other desires at the same time.