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 What is barter system?Explain in detail.

Asked by Anitha Asokraj(student) , on 8/11/11


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barter is where people exchanged goods for other goods like trading a loaf of bread for some jam.Alot of people on the map use the barter systems and aboriginals used that barter system but could only trade with themselves..


 
Barter System is that system in which goods are exchanged for goods. In ancient times when money was not invented trade as a whole was on barter system. This was possible only in a simple economy but after the development of economy, direct exchange of goods without the use of money, was not without defects.


 

Posted by Shivani Lohani(student)on 8/11/11

More Answers

 exchange of goods for trading.

Posted by Hemal(student)on 8/11/11

barter system is exchage of goods without the use of

money :)

Posted by Sonakshi Mittal(student)on 8/11/11

 a system where goods are directly exchanged without the use of maney e.g, a farmer exchanging his wheat with shoes produced by a shoe manufacturer

Posted by akaash25(student)on 9/11/11

sumbody answer me this question in an exact way..

Posted by Anitha Asokraj(student)on 9/11/11

simple....Barter System is that system in which goods are exchanged for goods...

Posted by Shivani Lohani(student)on 15/11/11

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