what is barter system
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Barter system is exchange of goods and services without the involvement of money.
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BARTER SYSTEM - DEFINITION
BARTER SYSTEM - DEFINITIONThe barter system is a system of exchange of goods or services directly with goods and services.
BARTER SYSTEM - DEFINITIONThe barter system is a system of exchange of goods or services directly with goods and services.Under this system agricultural produce, cattle etc was used as a medium of exchange.
BARTER SYSTEM - DEFINITIONThe barter system is a system of exchange of goods or services directly with goods and services.Under this system agricultural produce, cattle etc was used as a medium of exchange.During this system the lifestyle of people was very simple and they were mostly dependent on agriculture, but as the lifestyle of people progressed the barter system became a difficult medium of exchange and this led to the origin of Money.
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