Question

Explain feature of barter system

Answer 1

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In barter system goods can be exchanged without involving money in the trade. The barter trade was used in old times when there was no currency among communities to trade goods and services. Money was not used as the medium of trade in ancient time, only the direct exchange of goods and services used to take place.

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Barter system was an outdated system, but Iusebarter has given it an effective existence in India. It is a good medium of exchanging products and services without the use of money. Iusebarter is a barter trade website in which you can exchange electronic products as per your need. Being a barter trade website, we are going to tell you some common features of barter system.
Characteristics of barter trade

The barter system is a direct exchange of goods and services.

1. Money does not play any role in barter trade, so one can directly exchange the goods and services without using money.

2. You need to require a double coincidence of goods.
In barter system goods are exchanged against goods. Yes, we can say that the goods were used as money, but you need to require a double coincidence of goods to exchange your goods.

3. It is an effective method for limited population.
The system is effective for limited population, where people know the need of others and can exchange according to their demand.

4. Stability in the economy is an important characteristic.
In barter system, demand for goods and services do not depend on prices, therefore it brings stability and smoothness in the economy functions.

5. Barter reduces cheating and fraud cases.
Barter system reduces cheating and fraud cases in every economy. Goods can be determined to compare values of the exchange.

These are the basic characteristics of barter system, which impress and allow you to exchange unused goods. One of the best barter websites in India for exchanging goods and services is Iusebarter. You can exchange electronics new products with the old ones without any hassle on Iusebarter. Choose the products from different categories and exchange as per your needs.

Answer 2

Answer:

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