Economy, asked by priyaraj71789, 1 year ago

what is barter system .what is necessary condition for its fulfillment​

Answers

Answered by jaskaran0101
4

Barter System refers to the exchange of goods.

Double coincidence of wants is necessary for it.( double coincidence means that both the buyer and lender should be ready to purchase each other products)

Barter system is time consuming.Both the purchaser and lender had to express the value of their products in each others products.

Answered by priyanshisingh24
4

Answer:

In barter system people buy and sell things by exchanging goods

Explanation:

its was used earlier but many people faced problems

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