CIVILIZATION
PHOENICIAN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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bartering
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money economy
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colony
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None of the above
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Detailed explanation-1: -Key Takeaways 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: -The only way to buy goods was to exchange them with personal belongings of similar value. For example-A farmer gives his cattle in exchange for some land, and so on. In simple words, any exchange of goods and services for other goods and services without exchanging any form of money is known as the Barter system.
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