What is the barter system?
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Barter System
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.
In Hindi You would say like अनाज के बदले अनाज!
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It is one of the most basic and significant inventions of mankind. Before money came into use, exchange took place through barter system, i.e., goods were exchanged for goods. Barter means direct exchange of goods. In other words, barter refers to exchanging of goods without the use of money.
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