Barter System

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Barter System is one of the oldest method used to do business. In Barter system, there are are two parties which undergoes through a deal of exchange of goods. These two parties agreed for exchange of goods to each other.
 In ancient times , there was no currency for purchasing of goods. So, one person would give his/her good to second person and second person give his/her good to first person. But one more important thing is that the exchange of goods in Barter system was on the basis of needs or requirements of two parties.

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