The only way to buy goods was to exchange them with personal belongings of similar value. For example- A farmer gives his cattle in exchange for some land, and so on. In simple words, any exchange of goods and services for other goods and services without exchanging any form of money is known as the Barter system.
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Barter system was a system of exchange where goods were exchanged for goods and there was no common medium of exchange in the economy.
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Answer:
The only way to buy goods was to exchange them with personal belongings of similar value. For example- A farmer gives his cattle in exchange for some land, and so on. In simple words, any exchange of goods and services for other goods and services without exchanging any form of money is known as the Barter system.