What is barter system?
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Use barter in a sentence. noun. The definition of barter is a system under which goods and services are exchanged instead of currency, or the actual goods or services that are being exchanged. An example of barter is when the people within a community exchange goods and services so that money needn't be used.
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Exchange of goods and services without any use of money is called barter System.
ex: export firms in two different countries exchange 400 tons of wheat for 300 tons of soyabean.
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