Describe the problem which were face in barter system
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Lack of double coincidence of wants: ...
Lack of common measure of value: ...
Lack of standard of deferred payment: ...
Difficulty in storing wealth (or generalised purchasing power): ...
Indivisibility of goods:
hope helps u....
Lack of common measure of value: ...
Lack of standard of deferred payment: ...
Difficulty in storing wealth (or generalised purchasing power): ...
Indivisibility of goods:
hope helps u....
Answered by
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Double coincidence of wants .
Lack of common measures.
Lack of storing wealth.
Problem in defferd payment .
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