More money was invented, the primitive world’s trade was carried out according to the barter
system of exchange.
Meaning of Barter Exchange
In the beginning of civilization, human needs were simple and limited. People used to exchange
axds with each other to satisfy their wants. Barter Exchange refers to exchange of goods for
An economy, there there is a direct barter of goods and services, is called a Barter
Economy or C-C Economy’ (there C stands for commodity).
For ample, when a farmer gives wheat and gets cloth from the weaver in return, it is known