Question

what is barter system -
what i meant by double co-incedents
of wants

what in meant by the term collateral security
Express formal and informal sources of loan in india
Briefly explain the role of co-oporative
societies in societies in India​

Answer 1

Answer:

Barter system means exchange of goods for other goods to fulfill their needs ...

Explanation:

for example -

Ramu has a goat but wants bread Sita has rice but wants goat and Ravi has bread but wants rice...

Here, if Ramu exchanges is goat with Sita and Sita exchanges rice with Ravi and Ravi exchanges bread with Ramu they all get what they want , this is known as double coincidence of wants.

Answer 2

barter system=the goods are exchanged without the use of money