ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Bartering is the exchange of goods and services between two or more parties without the use of money. It is the oldest form of commerce. Individuals and companies barter goods and services between each other based on equivalent estimates of prices and goods.

Detailed explanation-2: -Barter is a type of trade where goods or services are exchanged for a certain amount of other goods or services; no money is involved in the transaction.

Detailed explanation-3: -Barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using money.