Date 10 /05/ Explain 4 demirits of barter system?
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The difficulty with the barter system is its inefficiency. The first potential problem is the person who needs lumber may not be able to get a supplier of lumber who is in the need of some thing the lumber seeker can offer.
The second potential problem comes with attempting to guarantee fair exchanges. A monetary economy helps in making the exchange of goods and services more efficiently manageable.
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