Social Sciences, asked by priyanongthombam9, 5 months ago

what is barter economy write the four function of economy​

Answers

Answered by dileepshuklajnp4
1

Answer:

in trade , barter is a system of exchange where participants in a transaction directly

exchange goods are services for other good services without using a medium of exchange, such as money .

four functions

  1. a medium of exchange
  2. a store of value
  3. a unit of account
  4. a standardof deferred payment

I hope your help in study

Answered by AVENGERS789456
2

Explanation:

An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two.

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