How is ‘barter system’ practised among various tribal communities in the world?
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tribal communities, the barter system is practised by the direct exchange of goods; money is not used. ... It allows goods and services from everywhere to compete with domestic goods and services thereby giving greater choices.
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It was concluded that barter system is practised by a large number of tribal communities in remote villages with the objective to exchange bioresources and related knowledge about biodiversity- based food products, ethnomedicines, handicrafts, etc.
Explanation:
In tribal communities, the barter system is practised by the direct exchange of goods; money is not used. ... This means that the country is earning money by selling its goods which is an indicator of economic development of a country
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