define the term barter system, concurrent list ,cash crop,GDP
Answers
Answer:
Use barter in a sentence. noun. The definition of barter is a system under which goods and services are exchanged instead of currency, or the actual goods or services that are being exchanged. An example of barter is when the people within a community exchange goods and services so that money needn't be used.
Answer:
BARTER SYSTEM→
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.
CONCURRENT LIST→
A concurrent list includes the subjects to common interest to both union and state government. Both center and state government can make laws. In case of conflicts, laws by central government prevails. Subjects like education, marriage, divorce comes in this list. Has 43 subjects.
CASH CROP→
A cash crop or profit crop is an agricultural crop which is grown to sell for profit. ... The term is used to differentiate marketed crops from subsistence crops, which are those fed to the producer's own livestock or grown as food for the producer's family.
GDP→
(The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time. ... GDP is a number that expresses the worth of the output of a country in local currency.)
ADDITIONALLY FOR GDP:-
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
Explanation: IN SHORT WORDS GDP MEANS Gross domestic product.
HOPE MY ANSWER WAS HELPFUL TO YOU
ACCORDING TO ME MY TEACHER HAS EXPLAINED ME THIS ONLY
PLEASE MARK AS BRAINLIEST ANSWER
IF YOU KNOWS MUCH BETTER THAN ME THEN PLEASE COMMENT ME IN COMMENT BOX