Login

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.

  • 21
View Full Answer

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
Additional comment:
Barter is trading for goods without a fixed price tag. Some places barter with currencies, and some use only goods to trade with. The old trading posts were often barter only, with little currency.

  • 4

Barter system is atrade in which goods are exchange without the use of money.

  • 9

 Barter system is the system of exchanging goods and services for goods and services.
and it has failed because of inappropriate measurement ie it will be hard to measure how to exchange a cow for a chair.

  • -1
What are you looking for?