The exchange of one type of goods or services for another without the use of money is called :

see full answer

Want to Fund your own JEE / NEET / Foundation preparation ??

Take the SCORE scholarship exam from home and compete for scholarships worth ₹1 crore!*

An Intiative by Sri Chaitanya

barter system

transaction

business

marketing

answer is A.

(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

The exchange of one type of goods or service for another without the use of money is called barter
The barter system is a system in which goods are bought and sold in exchange for other goods between two or more parties. Under this system, transactions are done without money, and you cannot estimate the value of your goods. For example, Arpit wants to buy a pair of shoes, and he has one kg of wheat, so first, he has to find a person who not only wants to sell a pair of shoes but also wants to buy wheat in exchange.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET