Barter in Russia
Answer:
Barter: barter is a system of exchange under which people used to exchange one good for another or we can say it is a trade of goods or services between people without using money.
Barter can negatively impact a modern industrial sector because it makes trade system less flexible and for barter system to be successful there should be coincidence of wants means two persons willing to exchange their goods or services with each other. the barter system can decrease the demand which will impact the production and also barter makes trade difficult as without a monetary measure it is not easy to buy or sell goods or services. also the modern industrial sector is highly dependent on high techniques and skilled labor force and it is nearly impossible to trade techniques and labor force through barter.
Barter in Russia explain what barter is. How can barter negatively impact a modern industrial society?
Barter in Russia explain what barter is. How can barter negatively impact a modern industrial society?
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