HISTORY
CIVILIZATIONS OF ASIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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money economy
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porcelain
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commercial
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device
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Detailed explanation-1: -A barter economy is a cashless economic system in which services and goods are traded at negotiated rates. Barter-based economies are one of the earliest, predating monetary systems and even recorded history. People can successfully use barter in many almost any field.
Detailed explanation-2: -The Barter System: Definition & Examples The barter system can be defined as the act of exchanging goods between two or more parties without using money. The exchanged goods must be of value to the parties involved.
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