Question

What is barter system? • What is the most essential feature of the barter system?

Answer 1

Answer:

A barter system is an old method of exchange. This system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. ... The value of bartering items can be negotiated with the other party.

Barter system is direct exchange of goods and services. It requires the double coincidence of wants. Barter system eliminates the use of money. It generally flourishes among uncivilized and backward communities.

hope this will help you.....

please mark this answer as brain list and follow me...

Answer 2

Answer:

Features of barter system are as follow: Barter system is direct exchange of goods and services. It requires the double coincidence of wants. Barter system eliminates the use of money.

mark this answer as brain list For more answers and follow me....