Question

1.1 Barter System of Exchange and its
BARTER SYSTEM
Meaning of Barter:
‘Direct Exchange of Goods again
Barter Exchange.
In Barter System, Economic Ex
Money. An economy based on Bart​

Answer 1

Answer:

In trade, barter (derived from baretor[1]) 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.[2] Economists distinguish barter from gift economies in many ways; barter, for example, features immediate reciprocal exchange, not delayed in time. Barter usually takes place on a bilateral basis, but may be multilateral (i.e., mediated through a trade exchange). In most developed countries, barter usually only exists parallel to monetary systems to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (e.g., hyperinflation or a deflationary spiral) or simply unavailable for conducting commerce.

Explanation:

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Answer 2

Answer:

barter system is an old system

Explanation:

in which two people exchange things without using money.it is also know as double coincidence. but it's very difficult to find someone who exactly want something you are selling and exactly selling what you want. So now as we use money as a medium of exchange it's easy to buy anything.