The exchange of goods for goods in home trade is known as
Answer Details
The exchange of goods for goods in home trade is known as trade by barter. This type of trade involves the exchange of goods or services directly without the use of money as a medium of exchange. For example, a farmer may exchange his produce for the goods or services of another farmer without the use of money. Trade by barter was a common form of exchange in earlier times when there was no currency or money. In modern times, trade by barter is still practiced in some rural areas or in situations where the parties involved have limited access to cash or credit facilities. However, it is not a common form of trade in the global economy.