non-monetary trade

Non-monetary trade refers to the exchange of goods and services without using money. Instead, people barter, swapping items directly based on mutual agreement. For instance, someone might trade fresh vegetables from their garden for homemade bread from a neighbor. This form of trade relies on the perceived value of the items being exchanged, as both parties must find the transaction beneficial. Non-monetary trade is often used in local communities, during economic crises, or in situations where cash is scarce. It highlights the importance of relationships and trust in economic transactions.