Question

what do you understand by barter system?​

Answer 1

Explanation:

• A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. .
• The value of bartering items can be negotiated with the other party.

Answer 2

Explanation:

ᴀ ʙᴀʀᴛᴇʀ ꜱyꜱᴛᴇᴍ ɪꜱ ᴀɴ ᴏʟᴅ ᴍᴇᴛʜᴏᴅ ᴏꜰ ᴇxᴄʜᴀɴɢᴇ. ᴛʜ ɪꜱ ꜱyꜱᴛᴇᴍ ʜᴀꜱ ʙᴇᴇɴ ᴜꜱᴇᴅ ꜰᴏʀ ᴄᴇɴᴛᴜʀɪᴇꜱ ᴀɴᴅ ʟᴏɴɢ ʙᴇꜰᴏʀᴇ ᴍᴏɴᴇy ᴡᴀꜱ ɪɴᴠᴇɴᴛᴇᴅ. ᴩᴇᴏᴩʟᴇ ᴇxᴄʜᴀɴɢᴇᴅ ꜱᴇʀᴠɪᴄᴇꜱ ᴀɴᴅ ɢᴏᴏᴅꜱ ꜰᴏʀ ᴏᴛʜᴇʀ ꜱᴇʀᴠɪᴄᴇꜱ ᴀɴᴅ ɢᴏᴏᴅꜱ ɪɴ ʀᴇᴛᴜʀɴ. ᴛʜᴇ ᴠᴀʟᴜᴇ ᴏꜰ ʙᴀʀᴛᴇʀɪɴɢ ɪᴛᴇᴍꜱ ᴄᴀɴ ʙᴇ ɴᴇɢᴏᴛɪᴀᴛᴇᴅ ᴡɪᴛʜ ᴛʜᴇ ᴏᴛʜᴇʀ ᴩᴀʀᴛy.