Challenges of the barter system and how to overcome them part 1
Challenges Of The Barter System And How To Overcome Them: Part 1
Barter can save you money by eliminatingtransactional cost involved in a financial dealing
The Benefits of BarteringNow, despite having so many awesome featuresthat are collectively powerful answers to some ofthe most concerning questions of today’seconomy; why barter lost its popularity againstmoney after being practiced for hundreds ofyears? The answer is obviously its format andnature of trade.
Why Barter Instead Of Buy?It connotes the presence of two people who aremutually interested to exchange products theyown. In other word, their disposable possessionsshould mutually suit and cater to each other’srequirements.
Here’s more explanation:1. Both mango and wheat are available at the same place and time.2. When someone is interested to join in the trade3. When both of you value each other’s products; have proper mechanisms to justify the deal
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