Beruflich Dokumente
Kultur Dokumente
Q3. Thousands of years back the concept of bartering between parties was
prevalent, when the concept of money had not evolved. Explain on counter
trade with examples.
Answer. Trading between nations has been happening since time began. In ancient
time nations traded silk, spices, cloth and animals of all kinds. Today nation trade food
items, defense equipment, metals, electronics etc. The products might have changed
but the basic concept is still the same as the underlining need which brings together
two nations in a trade relationship still exists. One such method of trading between
nations is called counter trade. Counter trade is an import / export relationship
between nations or large companies in which good and/or services are exchanged for
goods and services instead of money.
Winter-2015
Get solved assignments at nominal price of Rs.125
each.
Mail us at: subjects4u@gmail.com or contact at
09882243490