Explain what is a traditional bater system and give an example
A traditional barter system is a system where goods and services are exchanged directly for other goods and services without the use of money. In this system, people trade items they have for items they want, creating a mutual exchange of goods and services.
For example, in a traditional barter system, a farmer may trade a portion of their crop with a blacksmith in exchange for tools or weapons. Similarly, a carpenter may exchange their furniture with a tailor in exchange for clothing. This system relies on the idea of mutual benefit and trust between individuals involved in the exchange.