From Barter to Money
CBSE · Class 7 · Social Science
Quick revision notes for From Barter to Money — CBSE Class 7 Social Science. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
1. Barter System
- Barter is the exchange of goods and services without money.
- It was the earliest form of exchange.
- People used commodities such as cowrie shells, salt, tea, tobacco, cloth, cattle, and seeds.
2. Why Money Is Needed
- Money came into existence to make exchange easier.
- As exchange increased and distances became longer, barter became less practical.
- Money is accepted by everyone for buying and selling goods and services.
3. Journey of Money
- Coins were among the earliest forms of money.
- In ancient times, rulers issued coins for their kingdoms.
- Different kingdoms had their own coinage.
4. New Forms of Money
- Money has also taken digital form.
- Digital money is electronic money that cannot be touched or felt.
- People use debit cards, credit cards, net banking, and UPI for payments.
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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