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MONEY AND INFLATION — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsMONEY AND INFLATION1 Mark
Question
Discuss the barter system as a means of exchange with example.
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Answer

Barter system means goods and services are exchanged directly for other goods and services.
  • E.g. a farmer cultivating wheat would store the required stock and would exchange the remaining wheat to get rice, clothes or shoes.
  • The shoe-maker would get clothes and food, Ghee for exchanging the shoes he made.

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