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By turning to barter systems during an economic downturn, he said, "you are hiding your head in the sand".
Chinese colonists controlled the trade and barter systems, cultivated the pastures of Inner Mongolia, and in Inner Mongolia outnumbered the Mongolian natives.
The sharing of tools and workspaces, collective ownership of property, revolving credit associations and barter systems make up the backbone of the economy.
Everywhere he and his team found abandoned health clinics, local economies in shatters and families struggling without the subsistence agriculture or barter systems that had sustained them, he said.
The emergence of capitalism and the emphasis on standard currency transactions over and above barter systems created the need for bureaucratic forms of organization in both the private and public sectors.
Unlike traditional barter systems, where people trade one useful thing for another, a monetary system uses symbolic tokens that can be traded for anything.
Similar(49)
The barter system took over.
It's sort of a barter system.
"It's like the barter system.
"We have adopted a barter system.
His new venture involves setting up a barter system.
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