All limitations of barter system
Answers
Answered by
0
it's limitation is that
it is very difficult to find that people who can satisfy our need in returns we satisfy their need.
it is very difficult to find that people who can satisfy our need in returns we satisfy their need.
Answered by
1
Barter Exchange: Meaning and Limitations of Barter Exchange
Barter System can work when there exists 'Double Coincidence of Wants':
The major limitations of Barter Exchange are:
# Lack of Double Coincidence of Wants:
# Lack of Common Measure of Value:
# Lack of Standard of Deferred Payment:
Similar questions