Social Sciences, asked by sanjeevsony2024, 11 months ago

In olden days the goods were exchanged for goods, which was called ______ system of exchange. Fill in the blank.


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Answers

Answered by AJThe123456
9
Heyy mate ❤✌✌❤

Here's your Answer...

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✴In olden days the goods were exchanged for goods, which was called BARTAR SYSTEM.
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Answered by Sidyandex
2

In olden days, goods were exchanged for goods and thus this system came to be known as barter system of exchange.

People exchanged goods for goods and services for services.

This is an old system which came into existence because the currency system was not developed.

The only convenient way of exchanging goods and fulfilling desires was the barter system.

It later became a cumbersome method.

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