The Development of Barter
Understand the Problem
The image shows a title slide for a presentation or educational material. The title is "Section 1: The Nature of Business" and the subtitle is "The Development of Barter". It introduces the topic of business and indicates that the initial focus will be on the historical system of barter.
Answer
The barter system dates back to 6000 BC, originating with Mesopotamia tribes and adopted by the Phoenicians.
The barter system dates back to 6000 BC. It was introduced by Mesopotamia tribes and adopted by Phoenicians.
Answer for screen readers
The barter system dates back to 6000 BC. It was introduced by Mesopotamia tribes and adopted by Phoenicians.
More Information
Bartering is the exchange of goods and services between two or more parties without using money. It is considered the oldest form of commerce.
Tips
Many people assume that bartering has disappeared, but it still occurs today, especially in B2B contexts.
Sources
- The History of the Trade and Barter System - Square - squareup.com
- The Development of Barter - illinoistreasurergovprod.blob.core.usgovcloudapi.net
- History of the Barter System | Prime Trade NW - primetradenw.com
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