Question

what is barter system ? with example

Answer 1

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1=♡ what is barter system♡

2=♡with example♡

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ANSWER IS IN POINTS

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

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IMPORTANCE OF BARTER SYSTEM

• When people barter, everyone benefits because they receive items or services they need or want. ♧
• Bartering also has an advantage because even people without money can get something they need♧
• Bartering might involve trading a service for an item.♧

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EXAMPLE OF BARTER SYSTEM

1. Instead of paying rent, you clean the house for the owner.
2. Instead of paying cash for a computer, you use a credit card
3. Instead of paying rent, you clean the house for the owner.

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DISADVANTAGES OF BARTER SYSTEM

• Drawbacks of Barter Systems:
• Drawbacks of Barter Systems:Lack of double coincidence of wants.
• Drawbacks of Barter Systems:Lack of double coincidence of wants.Lack of a common measure of value.
• Drawbacks of Barter Systems:Lack of double coincidence of wants.Lack of a common measure of value.Indivisibility of certain goods.
• Drawbacks of Barter Systems:Lack of double coincidence of wants.Lack of a common measure of value.Indivisibility of certain goods.Difficulty in making deferred payments.
• Drawbacks of Barter Systems:Lack of double coincidence of wants.Lack of a common measure of value.Indivisibility of certain goods.Difficulty in making deferred payments.Difficulty in storing value

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Answer 2

Answer:

• A barter system is an old method of exchange. Th is 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

• 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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