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What is barter system ? what …

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What is barter system ? what is the necessary condition for it fulfillment?

Posted by Sports Tribute 5 years, 5 months ago

CBSE > Class 10 > Social Science

1 answers

Gaurav Seth 5 years, 5 months ago

Barter System refers to the exchange of goods.

Double coincidence of wants is necessary for it.( double coincidence means that both the buyer and lender should be ready to purchase each other products)

Barter system is time consuming.Both the purchaser and lender had to express the value of their products in each others products.

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CBSE > Class 10 > Social Science