what is barter system
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Answered by
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Hey there !
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.
Hope it helps you !
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.
Hope it helps you !
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Answered by
0
Barter system was a system followed in earlier times.
It was a system in which the goods and services were exchanged goods and services.
The barter system had some limitations.
1) The barter system only worked when the goods and services obtained were required by us.
2) It was not easy to transport.
3) It was not easy to store.
Hence, the barter system is not followed now.
Hope helps
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