Counter-Trade is a form of international trade involving the exchange of goods and services between countries without the use of money. Examples include barter, counter-purchase, and buyback. It is particularly used in military sales and with countries lacking hard currency.
An in-depth exploration of the 'Double Coincidence of Wants', a fundamental concept in barter systems and its implications in the evolution of economic exchanges.
Off-the-Books payments refer to transactions conducted without formal record-keeping, often used to avoid taxation and government oversight. These can include cash payments or barter transactions.
An in-depth look at the underground economy, its characteristics, implications, and examples of transactions that go largely undetected by taxing authorities.
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