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What is a barter economy? - Economics

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Question

What is a barter economy?

Very Short Answer
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Solution

An economy that operates using the barter system of exchange is called a barter economy. In early or traditional societies, barter served as the original method of trade and exchange.

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Chapter 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [Page 477]

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Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 164. | Page 477
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