0
Bartering is a very old system of exchange. For example, if a person wanted to buy a hog from a farmer, they might trade him 40 bushels of corn. It is a system that works without actual money.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoType your answer here... double co-incidence of wants, time consumption, indivisibility
Wiki User
∙ 12y agoD major feature of the trade by barter system is dat good/services can only be exchanged 4 another good/service.
Wiki User
∙ 11y ago- merits of barter system
Wiki User
∙ 11y agodouble co-incidence of wants
Wiki User
∙ 13y agoswap or trade
Wiki User
∙ 12y agoexchange of goods for goods
Add your answer:
Earn +20 pts
What are three limitations of bartering?
The three limitations of bartering are desirability, transferability and divisibility.
Is barter a simple society?
Bartering occurs primarily in simple societies, but the presence of bartering does not indicate a simple society unless there are no currency transactions alongside the bartering.
How do you use the word bartering in a sentence?
Bartering involves trading goods and services without the use of money. The politician had been bartering favors for information during most of his career.
What is the term for trade that is based on the exchange of goods rather than for money?
This is known as bartering.
Is bartering good?
yes
What will be a good sentence for the bartering?
my mom once was bartering at stripendales
What are three limitations of bartering?
The three limitations of bartering are desirability, transferability and divisibility.
Is barter a simple society?
Bartering occurs primarily in simple societies, but the presence of bartering does not indicate a simple society unless there are no currency transactions alongside the bartering.
How do you use the word bartering in a sentence?
Bartering involves trading goods and services without the use of money. The politician had been bartering favors for information during most of his career.
When did international bartering begin in the middle ages?
International bartering in the medieval times started about 1000 A.D.
What is the term for trade that is based on the exchange of goods rather than for money?
This is known as bartering.
Is bartering good?
yes
Can bartering be taxed?
Bartering can be taxed if it involves income. If the goods are traded for fair value, it may be tax exempt.
What is the exchange of goods without using money?
This is called the barter system.
What needed for successful bartering between settlements?
The ability to travel between towns was needed for successful bartering between settlements.
Does bartering have lower transaction costs?
No the transaction cost of bartering is higher because in this various types of cost ared included.
Why did people begin using coin money instead of bartering?
Because it is a more efficient means of exchange than bartering.
