three features of bartering
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Features of barter system are as follow:
Barter system is direct exchange of goods and services.
It requires the double coincidence of wants.
Barter system eliminates the use of money.
It generally flourishes among uncivilized and backward communities.
Barter system is possible where the area of exchange is limited.
Answered by
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Barter system is direct exchange of goods and services.
It requires the double coincidence of wants.
Barter system eliminates the use of money.
It generally flourishes among uncivilized and backward communities.
Barter system is possible where the area of exchange is limited.
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