Saturday, February 6, 2010

Barter

Paying for goods or services with other goods or services, instead of with money. It is often popular when the quality of money is low or uncertain, perhaps because of high inflation or counterfeiting, or when people are asset-rich but cash-poor, or when taxation or extortion by criminals is high. Little wonder, then, that barter became popular in Russia during the late 1990s.

0 comments:

Post a Comment

 
Copyright 2009-10 UMRU AYAR.