Barter Transactions

Barter transactions involve exchanging goods or services directly for other goods or services without using money. For example, if a farmer has apples and wants bread, he could trade a certain amount of apples with a baker in exchange for bread. Bartering relies on both parties agreeing on the value of what they are offering. This method dates back to ancient times and can still be used today, especially in situations where currency is not available or during economic crises. However, it requires a "double coincidence of wants," meaning both parties need to want what the other offers.