what is barter system?

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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.

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System in which exchange of goods take place without involving of money.

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A barter systen is a condition in which goods are exchanged without the use of money. The essential feature of this system is  double coincidence of wants.

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Barter

is a

system

of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is distinguishable from gift economies in that the reciprocal exchange is immediate and not delayed in time

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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.

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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.

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Exchanged goods for goods without the use of money is said to be 'Barter system'.

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*Barter System is a system of exchange in which one commodity is exchanged for another commodity without involving money.

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Simply it's way to make your own work by giving your service to the person whome you need.

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Barter System means that we buy something in exchange of good without getting money

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Barter system is atype of system in which you buy a item /thing in return of a item /thing in short exchange of goods without money.

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•  batter system. Before the introduction of money, Indians used grains and cattle as money. In batter system, selling and purchasing of goods and services was done with “double coincidence of wants” i.e by fulfilling mutual wants without the use of money. In this system goods and services was exchanged for another goods and services. It was also known as CC economy i.e commodity for commodity economythis is called barter system

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Good and Services ki..

Leni Deni... is known as Barter System

in Simple..

ヾ(＾-＾)ノ

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Barter system is a method of trade in which goods are exchange without the use of money.

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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. Today, bartering has made a comeback using techniques that are more sophisticated to aid in trading; for instance, the Internet. In ancient times, this system involved people in the same area, however today bartering is global. The value of bartering items can be negotiated with the other party. Bartering doesn't involve money which is one of the advantages. You can buy items by exchanging an item you have but no longer want or need. Generally, trading in this manner is done through Online auctions and swap markets.

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In ancient times people exchange goods instead of money according to their needs.

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This was an old medium of exchange system, when currency was not invented..in this system goods were exchanged.....

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Barter System

The barter system is a system of exchange where goods and services are traded without the use of money. It is a system that was used prior to the invention of currency. In this system, people would trade goods and services for other goods and services. For example, a farmer may trade a bushel of wheat for a cow from a rancher.

How does it work?

Under the barter system, two parties agree to trade goods or services for each other.

The parties have to agree on the value of the goods or services being exchanged.

There is no standard currency, so the parties have to agree on the value of the goods or services being exchanged.

There is no middleman or intermediary involved in the transaction.

Both parties have to be satisfied with the exchange or else it will not take place.

Advantages of Barter System

No need for money: Barter system does not require the use of money.

Flexibility: The barter system is very flexible.

It helps to preserve wealth: Under the barter system, people can exchange goods and services for other goods and services.

It helps to build relationships: The barter system helps to build relationships between people.

It helps to develop new skills: Under the barter system, people can learn new skills from each other.

Disadvantages of Barter System

Lack of standardization: There is no standard currency under the barter system.

Difficulty in finding trading partners: Finding trading partners can be difficult under the barter system.

Unequal exchange: There is a possibility of an unequal exchange where one party may feel that they did not receive a fair trade.

Difficulty in storing goods: It may be difficult to store goods under the barter system.

Difficulty in transportation: Transportation of goods can be difficult under the barter system.

Conclusion

The barter system was an important system of exchange before the invention of currency. It has its advantages and disadvantages, and it is important to consider these when deciding whether to use the barter system or not. While it may not be the most efficient system of exchange, it can help build relationships and foster new skills.

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It is a system of exchanging goods without involving money ....

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Directly exchange of one good for another without money is called Barter system..

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Exchanges of goods in earlier time that is called barter system.

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Exchanges of goods known as Barter System

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To exchange goods from goods on both exchanger demand may be called as barter system.

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Barter system is a way of doing  business Without cash (money) by exchanging goods between the buyer and seller [Example:omans gave gold to tamil nadu and got peppers from tamilnadu]

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Exchange of goods without using money is called barter system .

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Https://edurev.page.link/q3HsUGiFWtFEg2rP7

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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.  :)

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Barter system is a system is the goods exchange goods for customer to reseller

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It means that when goods or services are exacange according to be consumer requiredment .

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