Question

The first stage in the evolution of business is the

—————

(a) Household economy (b) Trade

(c) Barter (d) Merchant guilds.​

Answer 1

Explanation:

From me I think that it would be Barter. (c)

Answer 2

The answer is 'c) Barter.'

The first stage in the evolution of business is the barter.

• The earliest form of business that we can find in history is the barter system. It consisted of an exchange of goods in return for goods and commodities. There was no money involved.

• Then came the trade with the invention of currency notes and coins. It, in turn, led to the formation of the merchant guilds.

• 'Household economy' is a rather recent term that refers to the economic activities of the members of an entire household.