Advantages of the Barter System?


Barter system which is better known as barter trade is a method of exchange where by goods or services are exchanged for other goods or services directly without using any medium of exchange. It is also defined as an age-old method that was adopted by people to exchange their services and goods.
1 Additional Answer
Barter system is a method of exchange that is used in trade whereby goods or services are exchanged directly with other goods or services. Barter system does not use a medium of exchange such as money and is usually bilateral or even multilateral. It replaces money as the method of exchange in times of financial crisis.
Q&A Related to "Advantages of the Barter System?"
A barter system is a system in which goods or services are exchanged for other goods or services, instead of using money. This is also known as trading.
Humans have used the barter system since the dawn of civilization as a way of exchanging goods they had for goods someone else had. Currency did not come into use until around 1200
These are the main difficulties of barter system: Problems of proper measurement. Identify to those people who need the same goods that we want to sale. More time consuming.
A barter system is the trade of goods, materials, and people for something else in
Explore this Topic
The barter system is used when someone wants to exchange their items for an item that they need. Some barter systems involve money. For example, the items being ...
Barter system of trade was used before and after introduction of coins as a means of exchange. The system involved exchange of things like grain, oil, papyrus, ...
A barter system has been a major factor in sustaining economies in many parts of the world for centuries. However, there are disadvantages of a barter system. Bartering ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014