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What is meant by the Barter system? - Economics

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What is meant by the Barter system?

What do you mean by Barter system?

What is Barter System?

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Solution 1

The barter system is the term used to describe the direct exchange of economic products between two parties.

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Solution 2

Barter is an alternative method of trading where goods and services are exchanged directly for one another without using money as an intermediary. It is an old method of exchange. People exchanged services and goods for other services and goods in return.

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Chapter 1: Historical Background of Commerce in the Sub-Continent - Exercises [Page 9]

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Chapter 1 Historical Background of Commerce in the Sub-Continent
Exercises | Q II. 1. | Page 9
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TEST QUESTIONS | Q B. 1. (i) | Page 24.12
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