Barter for Business – A Great Way to Transact Business
The I.C.E. Agency is introducing a barter for business program to help local businesses and talent. Money has helped businesses grow more efficiently, markets expand more dynamically, and nations trade more effectively. But there is something still in use in the marketplace today that humans used for millennia before money: barter. Indeed, barter birthed the marketplace. In simple terms, barter is the direct and mutual exchange of goods and/or services between two parties. The Latin term quid pro quo, “something for something,” is the original definition of barter. Think of the frontier doctor who accepted a chicken and a … Continue reading Barter for Business – A Great Way to Transact Business
