Meaning & use

barter system

noun·Everyday

Last updated

UK/ˈbɑːtə ˌsɪstəm/
US/ˈbɑːrtər ˌsɪstəm/

Meanings

  1. nouncountable

    A way of trading in which people exchange goods or services directly, without using money.

    Grammar: Countable but usually singular: the barter system, a barter system. You can say barter systems for different examples.

    Patterns

    • the barter system
    • use a barter system
    • under a barter system

    Before coins were invented, many communities relied on the barter system.

    In a barter system, a farmer might trade a bag of rice for a pair of shoes.

    The barter system still exists in some remote areas where money is scarce.

  2. nounsingular

    The practice of exchanging things by agreement rather than paying cash, often informally.

    Grammar: Often used with 'a' or 'the' to mean the general practice, not a specific system.

    Patterns

    • resort to a barter system
    • operate on a barter system

    When the banks closed, the village fell back on a barter system.

    Some online communities have set up a barter system for skills and services.

Word forms

pluralbarter systems

Common combinations

rely on the barter system
During the crisis, people had to rely on the barter system.
a pure barter system
A pure barter system has no money at all.
the decline of the barter system
The decline of the barter system began with the invention of coins.
under a barter system
Under a barter system, prices are not fixed.

Synonyms and how they differ

trade
Trade is the general activity of buying and selling; barter system specifically means exchange without money.
exchange
Exchange can mean any swap, including of money; barter system emphasizes the absence of money.

Opposites

monetary systemcash economy

Word family

barter verb
To exchange goods or services without money.
bartering noun
The act of exchanging goods or services without money.

Commonly confused: barter system or barter?

barter system vs barter

Barter is the verb or the act; barter system is the whole method or arrangement.

Practice

In a barter system, people exchange goods and services ______ using money.

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