Class 7 Social Science Chapter 11: From Barter to Money | Barter System Problems, Need for Money, Double Coincidence of Wants, Properties & Forms of Money

Complete Chapter 11 guide: how people exchanged goods in the barter system, real problems like double coincidence of wants, lack of standard value, divisibility, portability and durability, why money was invented as a common medium of exchange, early “money” objects (cowries, salt, cattle, metal objects, Rai stones, feather coils), and how modern money includes coins, notes and digital payments, with story-based examples (farmer, Junbeel Mela) plus summary, Q&A, extra questions and quiz for CBSE Exam

Updated : 3 days ago

Categories: Class 7 Social Science, NCERT Notes 2025, Economic Life Around Us, Money and Barter, Basic Economics for Class 7, CBSE Exam Preparation, Q&A and Quizzes
Tags: class 7 social science chapter 11 notes, from barter to money class 7, barter system definition and problems, double coincidence of wants example, need for money as medium of exchange, common standard measure of value, properties of money divisibility portability durability, early forms of money cowrie shells salt cattle metal, rai stone money yap island, tevau feather money solomon islands, aztec copper tajadero, junbeel mela barter fair assam, economic life around us class 7
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