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Prakash is a farmer want to market and exchange his rice with pulse it is an economy activity or not?

Posted by Dolly ?️ 5 years, 9 months ago

CBSE > Class 11 > Business Studies

2 answers

Gaurav Seth 5 years, 9 months ago

It is Barter system

Barter system of exchange was the system of exchange in which goods were exchange for goods. This system was in practice in ancient times when there was no medium of exchange there was no money that they can exchanged so because of that goods were exchanged with goods..

1Thank You

Mayank Bansal 5 years, 9 months ago

No it is not a economy activity becaus it does not contain exchange of currency

1Thank You

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CBSE > Class 11 > Business Studies