English / word
barter system
noun C1MEANING IN ENGLISH
An economic system in which goods and services are exchanged directly without using currency.
In context
01
Before paper currency existed, merchants relied exclusively on the barter system.
02
Ancient civilizations used the barter system for trade.
Synonyms
barter economy,trade by barter,goods exchange
Antonyms
monetary system,cash economy,money economy
Collocations
rely on the barter system,practice the barter system,collapse of the barter system