The direct exchange of goods and services for other goods and services is known as?
اشیاء اور خدمات کا براہِ راست تبادلہ کس کہلاتا ہے؟
- Non market trade
- Primitive trade
- Barter
- None of these
Explanation
- The direct exchange of goods and services without using money is called barter.
- It is the oldest form of trade used before the invention of money.
- In this system, goods are exchanged for other goods directly.
- However, it suffers from problems like lack of double coincidence of wants.
Last verified on 22-04-2026
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