Economy, asked by nikita2550, 11 months ago

How does remove the money in barter system

Answers

Answered by Moseley
1

Answer:

barter system or commodity commodity system is a type of economy where is certain commodity is exchange for another commodity in such economy there is no need of money as a factor of exchange in barter system

Answered by jay1319
2

Answer:

Money is not involved as one exchanges their goods for what they want to buy.

Suppose I need 1kg rice and you are selling it.I have 1kg wheat which I want to sell and you need it.

We exchange our goods instead of ' buying' it with money as I needed rice (which you wanted to sell) and you needed wheat (which I wanted to sell).

It's just plain exchange of commodities.No buying or selling involved.

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