what is a barter system and what are its features
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A barter system is an old method of exchange. This is a system which has been used for centuries and long before money was invented .People exchanged goods and services for other goods and services in return.
The main feature of barter system is that it is direct exchange of goods and services.
It requires the double coincidence of want.
Barter system eliminates the use of money.
The main feature of barter system is that it is direct exchange of goods and services.
It requires the double coincidence of want.
Barter system eliminates the use of money.
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6
it is a method where people exchange things by expensive things....
Anonymous:
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