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Barter trade in the Philippines dates back to pre-colonial times, where indigenous communities engaged in the exchange of goods and services without the use of currency. It was a practical system rooted in the agricultural and fishing economies, allowing people to trade surplus products like rice, fish, and textiles for items they needed. The practice was further influenced by interactions with traders and explorers from neighboring regions, including China and Southeast Asia, enhancing the diversity of goods exchanged. Barter established foundational economic relationships that persisted even with the introduction of currency later on.

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4mo ago

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Related Questions

Another word for TRADE that start with letter B?

Barter


Why barter trade was not a perfect trade?

trade by barter is the exchange of goods for goods and service for services.might have garri and u need beans you would start seaching for someone who is in need of ur item .so it consumes lot of energy


How do you spell barter?

That is the correct spelling of "barter" (to trade by exchanging goods).


Why trade exist?

barter


Do peasants trade?

they barter


What is barter trade?

Barter trade is a form of exchange, but without the use of currency. (Example: You could trade someone a pencil for a sheet of paper)


In which year did barter trade started in gold coast?

The barter trade on the Gold Coast, 1725–45, % of value of total barter transactions (actual distribution and expected distribution in parenthesis).


What refers to a system of trade?

Barter


Why don't we still barter and trade?

Well we don't barter and trade because that was in the older days and we have developed new and smarter ways.


What does barter mean in Roman Empire?

In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.


What system of trade did money replace?

Barter


What does barter mean in Social Studies?

Trade