What is barter system expln?

Question

Answer

Barter system is a kind of system in which a person exchanges a commodity for another commodity. It was a system practised in the ancient times where there was no currency or coins.
For example,
I have a huge quantity of wheat with me but I don't have enough rice .So in order to get rice I exchange some quantity of my wheat with a person who has rice.

Answer

Barter system is that in which people can exchange their goods without the help of money .

Answer

Barter System Explanation

Barter system is a system of exchange where goods or services are directly exchanged for other goods or services without the use of money. It is an ancient method of trade that was used before the advent of the modern currency system. In this system, people trade goods or services with each other based on their needs and wants.

Advantages of Barter System

1. No Need for Money: Barter system eliminates the need for money to facilitate trade.

2. Direct Exchange: In barter system, goods or services are directly exchanged, which eliminates the need for intermediaries.

3. Flexibility: Barter system is flexible as it allows people to trade goods or services based on their needs and wants.

Disadvantages of Barter System

1. Lack of Standardization: There is no standardization in the barter system, which makes it difficult to determine the value of goods or services.

2. Limited Trade: Barter system limits trade as it requires a double coincidence of wants, i.e., both parties must have goods or services that the other party wants.

3. Difficult to Store Value: Barter system is difficult to store value as goods or services may perish or lose value over time.

Modern Barter System

Although the barter system is not widely used today, there are still some modern barter systems that exist. These systems use a barter currency, which is a type of currency that is used in place of money. Barter currencies are usually created by the organizations that run the barter system.

Conclusion

In conclusion, the barter system is an ancient method of trade that was used before the advent of the modern currency system. It has its advantages and disadvantages, and although it is not widely used today, there are still some modern barter systems that exist.

Answer

HERE IS UR ANSWER^_^

A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. ... The value of bartering items can be negotiated with the other party.

Answer

Wastu vinimey pradali ek wastu jese koi sa saman use ek esa men karidta he jise uski jarurat  he ek saman  ke badhale thusara saman  karidana

Answer

In trade, barter (derived from baretor) is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money

Answer

The exchange of goods between two people who agree to exchange their goods

Answer

Thank you

Answer

It is a system where you directly exchange goods without the use of money.

Answer

The system where commodities are exchanged with commodities is known as barter system.

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