Vasantsheth provides coal from his shop to
farmers in exchange for food grains.
Identify and explain from the given illustration
Answers
Answer:
the illustration is that they exchange the coal and grain
Answer:
The answer to the question is exchange of goods for goods. This system is called barter exchange.
Explanation:
In the given illustration, The exchange of goods between vasantsheth and farmers is taking place. In ancient times, when money was not evolved, people used to buy and sell goods in exchange for other goods. This system is called the barter system. In the barter system, if a person wants to buy a pair of shoes, he has to give the thing the seller wants. In this system, mutual agreement is necessary. Both parties should agree to buy and sell each other goods. The illustration shows farmers who get coal from vasantsheth by giving them food grains. Hence, the exchange of goods for goods is termed the barter system.
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