ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using money.

Detailed explanation-2: -Barter is an act of trading goods or services between two or more parties without the use of money-or a monetary medium, such as a credit card.

Detailed explanation-3: -Bartering is the exchange of goods or services.

Detailed explanation-4: -A barter transaction is the exchange of goods or services, in exchange for other goods or services. Bartering benefits companies and countries that see a mutual benefit in exchanging goods and services rather than cash, and it also enables those who are lacking hard currency to obtain goods and services.