Concept information
Preferred term
countertrade
Definition
- Countertrade is a system of trading that was developed to enable governments to minimize the economic imbalance of international transactions. Countertrade is not barter trade, although barter may provide an element of countertrade. [Source: Encyclopedia of Business in Today's World; Countertrade]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/countertrade
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