Barter system explained

yexplains.blog...
what is a barter system?
In the old days when there was no money People exchanged services and goods for other services and goods in return.
Introduced by Mesopotamia tribes,Goods was exchanged for food, tea, weapons
Example,
suppose you have 2 potatoes and you want bread and another person have bread and he want potatoes so you both can exchange your commodities.
What are the problems in barter system?
1.Double Coincidence of Wants
Suppose you want bread in exchange of potatoes, then you have to find a person who has bread and want's potatoes which sometimes with such a diverse commodities, It is
difficult to find.
2.Lack of a Standard Unit of Account
When you find such a person ,after that who will decide how many potatoes you should give in exchange of bread ? this is due to lack of standard unit of account.

[@Aarohi._.kapadia]

I watched this a day before my exam and I got 19/20

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Share ur vdo to all my frds😊and all are learn from here 😊very nice examples☺tq so much🤗

[@nurlatifahmohdnor8939]

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Gladiators fight
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Gladiators were prisoners or slaves who were made to fight each other, or wild animals, to the death.

[@smilekamboj7101]

Thankuu mam. Now I can understand the barter system very clearly thanks a lot💕💕

[@velliangiris4731]

Now I can understand barter system 😊😊

[@aakash4pf]

Thanks 🙏🙇for this video.
It really helped me

[@impatiencedogbreath7326]

Lowering the problem of money and the value of things

[@Shanzay._.parizay._.wonderland]

Now I can understand barter system thanka❤😊

[@itslaraa8]

Tysm now I learn

[@shouryavardbansingh6225]

thx for teaching

[@zeeyanraja5776]

Thanks mam for telling about barter system

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Thanks

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Good.answer👍👍👍

[@anandsinghrathour121]

Thank you so much mam for teaching 😊 ... Valuable for video

[@nurlatifahmohdnor8939]

ion = charged particle = 1 cation 2 anion
iron = page 632
n 1a a malleable ductile silvery-white ferromagnetic metallic element. It is widely used for structural and engineering purposes. Symbol: Fe; atomic no.: 26; atomic wt.: 55.847. Related adjs.: ferric, ferrous. Related prefix: ferro-.
1b
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[OE iren]
lion = an animal

[@brd8764]

Nicely explained. For those who produce and can exchange goods. Hope it works though in today's times. Last option would be begging and not the first one for a self-respecting family.

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Nyc work .....🤘🤘
Keep it up.
.........👏👏👏

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Thanks ❤

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Thank you mam

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[@sherin2420]

Super very use full for this video

[@LifeIsBetterWithLove]

Its june 2023, whoae here trying to find out hwat the barter system is because thats where we are headed again? 😢

[@humayl1346]

Thank you so much

[@vipspike3632]

Valuable lesson thank you😃

[@mrsnoreentariq9458]

Good

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Nice video thanks 😊

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Can't be taxed

[@trishasingh2874]

With the examples I understood this concept 😊 thanks to give a such nice explanation... 😊

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Thanks ❤❤

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thank you

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Thanks for my online classes questions

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Yes mine too

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It such good😊

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Thanks get example. Economics

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the best

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Your voice is lovely😊😊😊

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great video
dumbs up

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👍👍

[@user-ij9by9dz7c]

Could you please, explain the barter Network in a conversation? 💐

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Please explain class 9 new book concepts of money management

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YH

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Please explain 19th century to 21st century

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Good good method

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😊☺️

[@manokarichelladurai2455]

pls say any storie including barter system

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I’m a communist =/

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oh…communst nice

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say any storie

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Thanks