Question

what is Barter system? Explain one of it's important feature?​ ​

Answer 1

Answer: Barter system: It is system in which goods can be exchanged against goods and there is no involvement of money. Barter system is old & out dated system and currently there is no effective existence of this system.

Features of barter system are as follows:

• Barter system is direct exchange of goods and services.

• It leads to the double coincidence of wants.

• Barter system eliminates the use of money.

HOPE IT HELPS!!..

Answer 2

Answer:

In older days , when modern currency was not in vogue , at that time also, people had to sell and buy each other's commodities, this was called as the barter system. for example- if a shoemaker wanted to buy rice, he has to find a farmer who wants to buy his shoes in exchange of rice..

the barter system was very inconvenient and .