Question

Discuss why there was a dependence on certain items to be used for bartering in the past?

Answer 1

There was a certain dependency on a various goods and services in order to barter in the past because-

A. They were freely tradable in anywhere of the globe and they where having acceptance all across the world. Items like salt were are highly popular in barter system.

B. These were the goods which could be carried from one place to another and they could easily be exchanged with one another

C. They also need to have a higher acceptability at various places and this should not be specific goods.

D. One of the benefits that these goods can be tradable for various kinds of services.

E. these goods will be having value which will be stored in them for a longer period of time and which will not reach fluctuating in Nature.