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Barter
(redirected from Barter economy)

   Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Barter
The trading/exchange of goods or services without using currency.


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In the peculiar evolution of this barter economy, sexual services were sold for quite low prices, undercutting the much higher fees of those engaged in more traditional forms of commercial sex work.
The "sum", as the currency is called, is not convertible, so there's virtually no foreign investment and, by necessity, a barter economy.
His anarchist Swap Shop (1969), where exchange was based on a barter economy, teeters on the threshold between art and activism as a social sculpture that prefigures works by artists like Rirkrit Tiravanija and N55.
 
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