Our class reenacted a silent barter scene.
Barter system
they had a barter system. they didn't have money, just trade goods,
Barter
money
what is the difficultes of barter system in world economy
Our class reenacted a silent barter scene.
Barter system
In barter economy, commodities were exchanged in the market. It was before the evolution of currency system that barter economy existed. Even today, in remote rural areas of India, the barter system still exists.
they had a barter system. they didn't have money, just trade goods,
Barter
A trade, an exchange, or barter. An economic system which operates without money is called a barter system.
money
No. Barter System was one of the ancient ways of exchange of goods and services. Nowadays cash and currency has replaced the barter system. People usually pay for goods and services in money.
commerce
Barter
1898