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Q.

[[1]] is an act of trading goods or services between two or more parties without the use of money.


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Detailed Solution

Barter is an act of trading goods or services between two or more parties without the use of money. Bartering involves exchanging one party's good or service for another party's. A straightforward idea underlies bartering: Two parties bargain to assess the relative worth of their goods and services, then offer them to one another in an equal trade. It predates the creation of actual hard cash and is the world's oldest form of trade. Almost any object or service may be bartered, provided both parties agree on the conditions of the exchange.
 
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