SS1: ECONOMICS - 3RD TERM
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Mining3 Topics|1 Quiz
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Financial Institutions I7 Topics|1 Quiz
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Financial Institutions II5 Topics|1 Quiz
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Financial Institutions III5 Topics|1 Quiz
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Business Organisation3 Topics
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Money5 Topics|1 Quiz
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Channels of Distribution I5 Topics|1 Quiz
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Channels of Distribution II6 Topics|1 Quiz
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Some Reasons that May Warrant the Termination of the Middleman in the Channel of Distribution
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Ways of Improving the System of Distribution of Consumer Goods in West Africa
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Why There Are Relatively Fewer Manufacturing Activities in Africa Compared with Advanced Countries
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The Role of Co-operative Societies in Distribution of Goods
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The Role of Government Agencies in Product Distribution in Nigeria
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Problems of Distributive Trade
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Some Reasons that May Warrant the Termination of the Middleman in the Channel of Distribution
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Business Finance7 Topics|1 Quiz
Barter System of Trade
Topic Content:
- Meaning of Trade by Barter
- Problems of Barter Trade
Before the introduction of money, there was a method of trade, known as trade by barter.
Trade by barter is a system of trade whereby goods are exchanged for goods without the use of money as a medium of exchange.
Problems of Barter Trade:
This was used during the primitive era and it had a lot of problems, including;
(i) Double Coincidence of Wants: It is not enough for a trader to have goods to offer, the trader must also look for somebody who has what he or
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