Local exchange trading system
From The Art and Popular Culture Encyclopedia
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A local exchange trading system (also local employment and trading system or local energy transfer system; abbreviated LETS) is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and records transactions of members exchanging goods and services by using locally created currency.
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See also
- Barter (economics)
- Collaborative finance
- Community Exchange System (CES)
- Complementary currency (aka Alternative currency)
- Credit union
- Green economics
- Green politics
- List of community currencies in the United States
- Local currency
- Mutualism (economic theory)
- Ripple monetary system
- Sharing economy (access economy)
- Time-based currency (time banking)
- WIR Bank (Switzerland)
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