Let us Explore (Page 236) The illustrations above (see textbook, page 236) show you some of the ways in which people Class 7
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Let us Explore (Page 236) The illustrations above (see textbook, page 236) show you some of the ways in which people Class 7
The illustrations above (see textbook, page 236) show you some of the ways in which people practise barter today. Have you observed similar practices in your locality? What are the types of experiences people have in this process? Class 7
Answer:
Yes.
Positive:
- Saving of money. People exchange unuseful items against useful items without spending money.
- Both the parties are benefited. The buyer of unuseful item sold it.
- Items are reused or recycled reducing burden of resources and waste.
Negative:
- It takes more time in the process of exchange.
- Sometimes people may disagree on the value of items, or the exchange value is unfair.