How is barter system related to commerce?
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Barter system includes goods vs goods. In other words, barter system means that system in which goods are exchanged with goods.
Commerce refers to purchase and sales of goods and services for one place to other...
Due to the exchange of goods and services, barter system considered as commerce but there is a difference in between them. Commerce done with money, and barter system means goods exchange with goods
Commerce refers to purchase and sales of goods and services for one place to other...
Due to the exchange of goods and services, barter system considered as commerce but there is a difference in between them. Commerce done with money, and barter system means goods exchange with goods
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Explanation:
Definition - Investopedia Bartering is the exchange of goods and services between two or more parties without the use of money.
- It is the oldest form of commerce. Individuals and companies barter goods and services between each other based on equivalent estimates of prices and goods.
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