Today, bartering has made a comeback using techniques that are more sophisticated to aid in trading; for instance, the Internet. In ancient times, this system involved people in the same area, however today bartering is global. ... Generally, trading in this manner is done through Online auctions and swap markets.

Why is barter system not applicable anymore?

Constitutes one of the important reasons for the failure of the barter system. In barter system, there is no common measure of value; therefore, it is difficult to find out any fixed ratio for exchanging goods and services. ... However, another problem that arises in this exchange is the exchange value of cloth and wheat.

Where is barter system used even today?

In this way Bordoloi and Ingti are keeping their friendship alive and are proud being part of centuries-old tradition in Assam where people from the hills and plains get together once a year and buy and sell their commodities―barter trade without any monetary transaction.