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The Market As A Social Institution

Question
CBSEENSO12044569

How can you say that economy of ancient village communities was based on non-market exchange?

Solution

We can state this fact on the ground of barter system adopted by village communities. For an instance, if someone has wheat but lack of turmeric, he will find turmeric grower and give him wheat in lieu of turmeric. Credit system was based on certain measuring pots E.g. Nauee and Mana (containing items of 2½ kg and 600 grms weight respectively) etc.