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Benefits of barter Trade

Answer Text:
Barter trade
This is a form of trade where goods and services are exchanged for other goods and services.
Benefits of barter Trade:
1. Satisfaction of wants: And individual is able to get what he or she needs.
2. Surplus disposal: an individual or country is able to dispose off its surpluses.
3. Social relations: it promotes social links since the communities trade together.
4. Specialization: some communities shall specialize in a particular commodity.
5. Improved living standards: this is enhanced by receiving what one is unable to produce.