CBSE BOARD X, asked by Maheshagarwal, 11 months ago

What is barter system and why it is not used for long time and explain modern currency

Answers

Answered by navkomal
0

It was never the only method of exchange of goods and services, mostly because it wasn't able to sustain itself. Barter would always be used to compliment another economic system. At first, people used to barter livestock. ... The invention of money didn't end the barter system, it just made it more streamlined.

Answered by 18shreya2004mehta
1

Answer:

It was never the only method of exchange of goods and services, mostly because it wasn't able to sustain itself. Barter would always be used to compliment another economic system. At first, people used to barter livestock. ... The invention of money didn't end the barter system, it just made it more streamlined.

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