Question

With the help of an example explain what barter system is?

Answer 1

Answer:

Barter is a system under which goods and services are exchanged instead of currency, or the actual goods or services that are being exchanged.

1. An example of barter is when the people within a community exchange goods and services so that money needn't be used.

2. An example of barter is bread provided in exchange for butter.

Explanation:

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Answer 2

Answer:Barter system Is a system in which things / goods are exchanged without the use of money

Explanation:for eg : we buy a packet of chips from money . But when ur using barter system then if u have a chips packet and u want a toffe then shopkeeper will take ur chips and give u toffee

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