ECONOMICS
ECONOMIC SYSTEMS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Taxes
|
|
|
Barter
|
|
|
Service
|
|
|
Producer
|
Detailed explanation-1: -: to trade by exchanging one commodity for another : to trade goods or services in exchange for other goods or services. farmers bartering for supplies with their crops. bartered with the store’s owner. transitive verb. : to trade or exchange by or as if by bartering.
Detailed explanation-2: -A barter system is known as an old method of exchange. This system has been practised for centuries and long before money was introduced. People started exchanging services and goods for other services and goods in return.
Detailed explanation-3: -Direct Barter – two or more parties directly trading items or services. Managed Barter or Retail Barter –conducted between small businesses via a locally organized Trade Exchange. More items