Social Sciences, asked by tellers649, 1 month ago

what is barter system​

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Answered by vijethasathish85
0

Goods are exchanged without the use of money . In barter system double coincidence of wants is an essential feature

Answered by PrinceArunsakthi
0

Answer:

Barter is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money

Explanation:

In barter system there is a double coincidence of wants

for example,

A farmer may exchange a bushel of wheat for a pair of shoes from a shoemaker but, it only happens when both thr farmer and the shoemaker is  in need of shoe and wheat respectively

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