The Great Barter Problem (Or: Why Your Goat Wasn't Worth My Grain)
A crescent-shaped region in the Middle East, spanning modern-day Iraq, Syria, Lebanon, Palestine, Israel, Jordan, and Egypt. It is considered the "cradle of civilization" as the birthplace of agriculture, writing, and early cities.
The requirement in a barter system that for a trade to occur, two parties must each have something the other desires at the exact same time.
A system of exchange where goods or services are traded directly for other goods or services without the use of a medium of exchange, such as money.
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