Time os life. When you spend your time to do something for someone, you are giving the person a part of your life. And it's even more valuable than money. So, it's enough payment.nela13 wrote:Time is money, when we give our time to do something for someone, we are actually paying.
I have a neighbor who often needs my help with papers, to take her to the doctor, to help her with her phone and she often helps me with my garden, it is like an exchange of favors.
King Belieal wrote:This particular form of payment allows people who don't haven't seen cash but have skills to also access goods and services.
OldGuy wrote:The concepts as described in most posts above are a form of trade older than cash. It is called barter trade; exchanging goods or services for goods or services. No money is involved. You come to an agreement of what value equals another value in trade that may have nothing to do with any expected cash equivalent.
It is the oldest form of trade that came long before any form of currency. If you give something in exchange for something in return it is simply a barter trade. Giving something without expecting anything in return is philanthropy or simple charity.
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