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Class 10 > Learn Class IX-X Tuition > What is barter system?
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What is barter system?

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Stock Market Trader & Trainer with 11+ Years Experience

A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.
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It is a system in which goods are exchanged for goods without the use of money and double coincidence in wants is an essential feature
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Tutor

Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is distinguishable from gift economies in many ways; one of them is that the reciprocal exchange is immediate and not delayed in time.Barter...
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Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is distinguishable from gift economies in many ways; one of them is that the reciprocal exchange is immediate and not delayed in time.Barter system used to be practised earlier in as tge basis of all trade and commerce on marketing as to exchange of the things which you have with someone to get what he has.So basically ot was the exchange of the things according to needs and utility of commodities and as per the need basis the value of things were determined not the price.e.g.i have rice in my godown but need the wheat so if you have wheat and needs the rice we may exchange it as per the need and requirement so was the case of other commodities whether food,clothes or raw material or other stuff.Hope you get it now
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Physics, mathematics, chemistry and biology

barter system was a means of buying and selling materials in ancient times by exchanging one's materials with those of others in equi-valued proportions as there were no currency in those days.For e.g. a farmer who grew rice would ask for milk from the milkman by giving equivalent quantity of his rice...
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barter system was a means of buying and selling materials in ancient times by exchanging one's materials with those of others in equi-valued proportions as there were no currency in those days.For e.g. a farmer who grew rice would ask for milk from the milkman by giving equivalent quantity of his rice in exchange of the same quantity of milk that is valued equally.In this way,both the farmer and the milkman would buy and sell their products for their daily needs. read less
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Professional Tutor with 15 years of experience.

A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.
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Linguistic

Barter system used to be practised earlier in as tge basis of all trade and commerce on marketing as to exchange of the things which you have with someone to get what he has.So basically ot was the exchange of the things according to needs and utility of commodities and as per the need basis the value...
read more
Barter system used to be practised earlier in as tge basis of all trade and commerce on marketing as to exchange of the things which you have with someone to get what he has.So basically ot was the exchange of the things according to needs and utility of commodities and as per the need basis the value of things were determined not the price.e.g.i have rice in my godown but need the wheat so if you have wheat and needs the rice we may exchange it as per the need and requirement so was the case of other commodities whether food,clothes or raw material or other stuff.Hope you get it now..tx read less
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ENG

The barter is a system of exchange of goods or services between two or more individuals without involving any currency.
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Expert in teaching Maths, computer and science

Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is distinguishable from gift economies in many ways; one of them is that the reciprocal exchange is immediate and not delayed in time.
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Science expert

Barter system is a old method of exchange used in times when currencies where not used. People used to exchange goods in place of other goods. Like a farmer used to exchange rice and other eatables in place of wood or other things.
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Mechanical Engineer

Barter is a system oo exchange of some goods with other goods where no money is involved.
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