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What is meant by barter system?
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What is meant by barter system?
Barter is the exchange of products and services for other products and services. In a barter system, people do not use money for transactions. The verb ‘to barter’ means to exchange goods and services for other products and services.
To barter can also mean to try to get a seller to reduce his or her price. In other words, it may mean ‘to haggle‘ or ‘to bargain.’ For example, I may say “She bartered with the street vendor and eventually got the second-hand watch for just $5.” That means she negotiated the price and managed to get a good reduction.
Community Answer
What is meant by barter system?
It is a system of exchange of goods with other goods
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What is meant by barter system?
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What is meant by barter system? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is meant by barter system? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is meant by barter system?.
What is meant by barter system? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is meant by barter system? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is meant by barter system?.
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