wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What are the necessary conditions of a barter system?

A
Limited needs
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Wide variety of goods
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Easy availability
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Limited exchange area
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D Limited exchange area
In a barter system, goods are sold in return for other goods without the exchange of money. There is a limited area where people can trade their limited number of goods in exchange for others.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Adaptive Q14
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon