subject: About Barter and Trade [print this page] About Barter and Trade
Trading products and services through barter traces back thousands of years ago and is perhaps the oldest form of commerce known to man. Barter system involves trading off something for another, without the use of money or other monetary materials. Although being the oldest form of transaction, barter persists even to date despite the world economies relying heavily on money and other equivalent media of payment and exchange.
In the international market, the barter system plays a crucial role and acts as an escape rope from the tottering economy. However, despite of the advantages that it offers, barter system has many limitations. The main idea about barter is that it is mostly feasible if both parties have excess of the items that they are going to trade off. This can be quite an ideal case, but it seldom occurs.
Finding out the real worth of the good or service that you are trading is difficult. On cash, having the exact value is doable. However, on the barter system, it does not apply. You have to rely on your assessment and appraisal skills in order for you to get the longer end of the stick. Here, your bargaining as well as your intrapersonal skills will also be tested.
Trade, by definition, is a form of commerce where products, services, or possessions are exchanged for another voluntarily. Barter is the simplest form of trade. With Gigats trade, barter system is taken one step up, especially for services offered for another.
Gigats brings bartering services online through building up a virtual marketplace. Here, you can trade off what you do for another service. Gigats trade works in such a way that there is a free exchange of services for any individual or business. For instance, someone offering computer repair can have a website to promote his services from a web designer, who in return, can have his computer fixed by the repairman.
In this way, Gigats trade establishes a free virtual economy, especially for those who are skilled but do not have enough money to avail the services that they need. With Gigats, dependency on money will just a thing in the past as people move back to the traditional forms of commerce infused with state of the art Web technologies.
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