Became harder and harder for a chicken farmer to find someone willing to accept 10,000 chickens for the purchase of a home.
Barter
Sumerians
what is the difficultes of barter system in world economy
Our class reenacted a silent barter scene.
barter system was invented by Cris Dolan in 1880s in England.
Barter system
Simply, the transferability of money made it a better store of value than barter which required that both parties desire the object/service proffered by the other person.
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,
A means of trading to replace barter.
A trade, an exchange, or barter. An economic system which operates without money is called a barter system.
money