Traders

Trade by Barter: Trading in Pre-Colonial Igboland

Trade-by-Barter “Trade-by-Barter” was a common practice in all the markets in Ala Igbo before the introduction of the cash economy.  People exchanged goods like farm produce, livestock, crafts, and services without using money. Goods were exchanged based on their perceived equivalent value, determined by supply and demand. Barter trade took place on designated market days,…