Monday, October 31, 2011

Barter System & its disadvantages over Money

All about your Money Honey… Part 1 Before understanding money, its characteristics & functions, it is better to understand barter system. So first let’s begin with what does Barter System mean and its demerits over Money. Old Age Barter System The Barter System was a practice by which people exchanged goods for other goods. It is the oldest method of trading...