Banner 0
Banner 1
Banner 2
Banner 3
Banner 4
Banner 5
Banner 6

Q.

Barter system means:


see full answer

Talk to JEE/NEET 2025 Toppers - Learn What Actually Works!

Real Strategies. Real People. Real Success Stories - Just 1 call away
An Intiative by Sri Chaitanya

a

Exchange of goods with money

b

Exchange of services with money

c

Exchange of goods with other goods

d

None 

answer is C.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

A barter system is the direct exchange of goods with goods without any use of money. In the barter system, both parties agree to exchange each other's goods. For instance, farmers willing to buy milk will have to provide a good of the seller's choice. This situation, where the farmer and the person who sells milk both need each other's products, is termed a double coincidence of wants.
 
Watch 3-min video & get full concept clarity

Best Courses for You

JEE

JEE

NEET

NEET

Foundation JEE

Foundation JEE

Foundation NEET

Foundation NEET

CBSE

CBSE

score_test_img

Get Expert Academic Guidance – Connect with a Counselor Today!

whats app icon