Business Studies, asked by ashi1532, 6 months ago

list some example of barter exchange ​

Answers

Answered by haifaalam03
1

Answer:

Barter is an alternative method of trading where goods and services are exchanged directly for onr another without using money as an intermediary

Answered by Keerthiyeeneni
1

Answer:

please mark me as brainliest if it's helpful

Explanation:

Bartering occurs when two or more parties – such as individuals, businesses and nations – exchange goods or services evenly without the use of a monetary medium. While a barter economy is considered more primitive than modern economies, barter transactions still regularly transpire in the marketplace.

Goods

In its simplest form, bartering is the exchange of one valuable product for another between two individuals. Person A has two chickens but wants to get some apples; meanwhile, Person B has a bushel of apples but wants some chickens. If the two can find each other, Person A might trade one of his chickens for a half-bushel of Person B's apples. No medium of exchange is used.The problem posed by simple bartering is what economists call the "double coincidence of wants." In this case, Person A is not satisfied unless he crosses paths with a chicken-wanting apple-carrier, while Person B needs an apple-wanting chicken-carrier

Similar questions