Bartering refers to the exchange of goods or services without the use of money. Instead, people trade items or services of equivalent value. This practice dates back to ancient times when people used to trade goods for other goods. In a barter economy, people rely on trust and reputation to conduct transactions. Bartering can be used for both personal and business purposes. For example, a person can swap their old car for a new one, or a business can exchange services with another business. In recent years, bartering has become popular with online platforms allowing people and businesses all over the world to connect and trade goods and services with no direct monetary exchange.
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