What is Barter System of Exchange?
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What is Barter System of Exchange?

What is Barter System of Exchange?
in Economics
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Define the Barter System of Exchange? Or, What do You Mean by Barter System of Exchange?
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Barter System of Exchange is a system in which goods are exchanged for goods. Money as a Medium of exchange does not exist.

Example : A farmer may exchange a bushel of wheat for a pair of shoes from a shoemaker.

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