The Development of Barter
Understand the Problem
The image shows a title slide for a section about the nature of business, specifically focusing on the development of barter systems. It seems like the user might need information or have questions related to this topic.
Answer
The barter system dates back to 6000 BC and was introduced by Mesopotamia tribes.
The barter system dates back to 6000 BC. It was first introduced by Mesopotamia tribes and later adopted by Phoenicians.
Answer for screen readers
The barter system dates back to 6000 BC. It was first introduced by Mesopotamia tribes and later 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 think bartering is inefficient because it requires a double coincidence of wants.
Sources
- The History of the Trade and Barter System - Square - squareup.com
- The Barter System | Definition, History & Examples - Lesson - study.com
- The Development of Barter - illinoistreasurergovprod.blob.core.usgovcloudapi.net
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