barter economy

Pronunciation

Noun B1 Intermediate

An economic system in which people trade goods and services directly for other goods and services, without using money.

"Before coins were introduced, many ancient societies relied on a barter economy."

Synonyms and antonyms

money economy cash economy

Which word fits the gap? "Before coins were introduced, many ancient societies relied on a _____."

Answer: barter economy

In your own words, what does "barter economy" mean?

An economic system in which people trade goods and services directly for other goods and services, without using money.