This was the very first stage of economic development. Division of labor was almost unknown except at the family level and the men folk tried to meet the few primitive needs of their families with the help of their women. Self-sufficiency within the family was the basis of the economy and commercial intercourse between families was almost totally absent.
Gradually, the needs of family became more numerous. Moreover, the families began to maintain slaves. At this stage, the need for exchange between different districts become imperative. Division of labor was almost unknown except at the family level and the men folk tried to meet the few primitive needs of their families with the help of their women.Commerce made its beginning and barter exchange of goods for goods began to be practiced. But even at this stage, exchange was rather rare and restricted. Means of communication were either totally absent or wholly primitive and trade was non-existent.
With this commerce rapidly started to develop.
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