Following the beginning of
Trade By Barter (Barter Trade) according to economics is ‘is simply an act of trading goods and services between two or more people without the use of money. Trade by Barter is sometimes referred to as Barter System. Barter is a form of trading in which goods are exchanged directly for other goods, or used as a medium of exchange, without the use of money.’
Before money became the means of exchange for goods and services, bartering is said to have thrived in Africa just before the partition of Africa that led to colonialism. Intriguingly, today trade by barter still thrives in Nigeria in 2019.
The practice is dated back as far as 6000