Question :- What is barter tradition?
Ans. :- To exchange of trade.
It's not just a subject of "MBA", but an ancient tradition of India from hundreds of years, which we love to use today, but by changing the name.
Let me explain in little details -
when there is a transaction of one goods or service against another, then it is called bartering.
Like giving 10 goats in exchange for one bull. In this method, currency (rupee-money) is not used.
Before the emergence of currency, all transactions (exchange) were in the form of barter. Even nowadays, in situations of monetary crisis (when the value of currency is very variable; currency has been devalued due to inflation), barter is resorted to. At some inter-state sites like Craigslist, barter also operates.
In many villages, I have seen that essential services like barber, blacksmith and Kumbhar still operate with this barter technology.
The farmer cultivates, Gwala operates cow husbandry, kumbhar makes utensils, barber makes hair and beard, washerman washes the clothes and blacksmith makes plow etc. and serving his yajaman.
And twice in a year the farmer gives some part of his crop to all the above service providers, from which his homes are running.
Thank you
-Bimlendra Jha
