Characteristics of barter system
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The characteristics of barter system are: Barter system is direct exchange of goods and services. It requires the double coincidence of wants. Barter system eliminates the use of money. It generally flourishes among uncivilized and backward communities.
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- Barter system is direct exchange of goods and services
- it requires the double coincidence of wants
- Barter system eliminates the use of money
- It generally flourishes among uncivilized
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