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Economy

What are the three requirements for barter to happen?

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What are the three requirements for barter to happen?

What are the three requirements for barter to happen?

The three requirements for bartering are as follows

  1. The goods exchanged must be of the same value
  2. The goods exchanged must be mutually needed by both parties simultaneously.
  3. People who will carry out bartering must have the goods to be exchanged.

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