I live in the United Kingdom & once heard of a scheme (quite ancient)iam led to believe where people exchange trades or odd jobs they need doing with someone else.There is a name for this but i cannot remember what it is called.
2007-03-08 10:21:39 · 11 answers · asked by terry 2 in Society & Culture ➔ Other - Society & Culture
There used to be a scheme running in UK - I think it was called Letts.
Does anyone know anything about it, is it still running, it's such a good idea, I'd love to join.
Contact me with any info please?
2007-03-08 10:27:37 · answer #1 · answered by jet-set 7 · 1⤊ 0⤋
The old word is barter.
There are lots of modern schemes running now that use the barter principle: people trade skills as a group.
Other local skills-trading organisations have been built up with payment in the form of credit units. These are called LETS schemes. (The name stands for 'Local Exchange Trading Scheme') They're great because you aren't limited to making trades with people that have something you want or vice versa.
Ms A can mow Mrs B's lawn and earn a credit; she can then 'spend' that credit anywhere within her LETS community.
You can find out more about LETS here:
http://www.letslinkuk.net/
2007-03-08 10:24:57 · answer #2 · answered by phoenix2frequent 6 · 1⤊ 0⤋
Bartering
2007-03-08 10:23:51 · answer #3 · answered by Anonymous · 1⤊ 0⤋
It is a form of bartering. If you couldn't pay for an item or job with cash you either did work for the them or paid with none monetary items, eggs, chicken, share of the pig when butchered etc.
2007-03-08 10:29:10 · answer #4 · answered by ELIZABETH M 3 · 0⤊ 0⤋
Barter.
2007-03-08 10:25:43 · answer #5 · answered by Ted 6 · 0⤊ 0⤋
Barter.
2007-03-08 10:24:01 · answer #6 · answered by Anonymous · 1⤊ 0⤋
It was called LETS and worked very well in our community for several years. Unfortunately, some people have moved away and left some gaps and it just went quiet.
2007-03-08 11:20:24 · answer #7 · answered by Magnus 2 · 0⤊ 0⤋
Bartering.
Though it is illeagle in some countries, due to no monetary system-so the government doesn't get our tax!
2007-03-08 10:35:48 · answer #8 · answered by ? 6 · 0⤊ 0⤋
its a barter system using points...
i weld your car, thats say 10points... i want my bathroom painting... thats 7 points... my spare 3 stays in my bank... until we need a babysitter, 1point per hour...
2007-03-08 10:28:38 · answer #9 · answered by Anonymous · 0⤊ 0⤋
the barter system
2007-03-08 10:25:21 · answer #10 · answered by alex m 2 · 0⤊ 0⤋