Barter is a system of exchange where goods or services are directly traded for other goods or services without the use of money.
In a barter transaction, individuals or businesses negotiate the terms of the exchange, seeking mutual benefit.
This practice predates the invention of currency and is still utilized in certain contexts today.
While barter simplifies transactions, it can be challenging due to the need for a double coincidence of wants, where both parties must desire what the other has to offer.