What is barter system?Explain in detail.
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.