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Question
A farmer exchanging a sack of wheat for a pair of shoes from a shoemaker is an example of ______.
Options
Agrarian Economy
Barter Exchange
Rural Employment
Weekly Markets
MCQ
Fill in the Blanks
Solution
A farmer exchanging a sack of wheat for a pair of shoes from a shoemaker is an example of Barter Exchange.
Explanation:
A barter exchange is a form of commerce where products and services are directly traded for one another without the need for cash. It is a type of trade that was widely practised in pre-modern societies and is still practised in certain regions of the world, especially in isolated or rural areas.
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