what is barter system ??

 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. 

 Direct exchange of goods or services without the use of money or any other intervening medium of exchange. Barter is conducted either according to established rates of exchange or by bargaining. Barter is common among preliterate societies, particularly in those communities with some developed form of market. Goods may be bartered within a group as well as between groups, although gift exchange probably accounts for most intragroup trade, particularly in small and relatively simple societies.

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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 :-
The direct exchange of one commodity or service for another without the use of money is termed "Barter" in economics. Barter system is that in which no money exist. In other words it is moneyless economy up to some extent it is still available in our villages. The village, Blacksmith and Carpenter usually receive his reward in terms of wheat from the farmers.
Barter is workable in backward as well as advanced countries. Now a days due to exchange difficulties some advanced countries are entering into a barter deal with other countries. Now this system has been given up by the civilized world due to the following reason

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