Economy, asked by Arex5455, 1 year ago

Describe any three such problems of barter system of exchange

Answers

Answered by wizard9
6
barter system
1st problem can't find a proper match mean can't find double coincidence
2nd can't determine it's true value
3rd not satisfactory for anyone
4th. can't store them for long
Answered by shivam3122gupta
12
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PROBLEMS OF BARTER SYSTEM-------->
1. THE MOST BIGGEST PROBLEM OF THE BARATER SYSTEM IS THE DOUBLE COINCIDENCE OF WANTS .
2. IT IS VERY TIME CONSUMING .
3. VALUATION OF GOODS IS VERY DIFFICULT.
4. SOMETIMES WE ARE NOT ABLE TO DIVIDE PRODUCTS.
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HOPE IT HELPS.
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