Outline four advantages of barter trade to the society.

      

Outline four advantages of barter trade to the society.

  

Answers


gideon
i. It improves social interaction between parties involved
ii. People can access goods / services they are not able to produce
iii. People can be exposed to good cultural practices from other communities
iv. It enhances specialization in the production of goods / services
v. It does not require common medium of exchange for trade to take place
vi. Surplus goods / services can be disposed off through exchange
vii. One may get goods / services required immediately upon exchange unlike in money trade
gideon1 answered the question on November 2, 2017 at 05:08


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