what is barter system explain it briefly
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Barter System is that system in which goods are exchanged for goods. In ancient times when money was not invented trade as a whole was on barter system. This was possible only in a simple economy but after the development of economy, direct exchange of goods without the use of money, was not without defects.
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Barter is a system of exchange a exchange of goods services are directly exchanged for other goods or services without using a medium of exchange , such as money
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