define the term: barter system
Answers
Answer:
BARTER SYSTEM
Explanation:
BARTER SYSTEM MEANS THEY WILL EXCHANGE THE THINGS WHICH THEY WANT .
FOR EXAMPLE :
ANITHA WANT GOAT AND LATA WANT RICE BUT ANITHA SELLS RICE AND LATA SELLS GOAT IN THIS CASE THEY EXCHANGE .
BARTER SYSTEM GIVES MANY PROBLEMS ALSO
FOR EXAMPLE :
RAMU HAS GOAT AND HE WANT MATCH BOX AND KARTHIK HAS MATCH BOX BUT HE WANT GOAT IN THIS WAY HE CAN'T EXCHANGE BECAUSE FOR SMALL MATCH BOX HE CAN'T GIVE BIG GOAT ( OR ) IN 3 PERSONS ALL BARTER SYSTEM CAN'T PRODUCE .
FOR EXAMPLE : GOPAL WANTS PULSES BUT HE HAVE JOWAR , LATA WANTS JOWAR BUT SHE HAS GOAT , RAMU WANTS GOAT BUT HE WANTS GOAT SO BARTER SYSTEM WON'T EXIST IN THIS CASE
HOPE IT HELPS !!
Answer:
Barter system is a old method of exchange of things instead of things. Like nowadays you give money onstead of a thing but in olden days the peoples donot use money they ise materials. Suppose you are gave some jewellerys to anyone and in bartar system the person will give you another material like wool, rice instead of money.
Explanation:
I think you have understood.