Economy, asked by kmdumarahmed, 1 year ago

Difficulties of barter system

Answers

Answered by ranjanjha16

0

Answer:

The following are the main difficulties which were found in the barter system:

Double Coincidence of Wants: ...

Lack of a Standard Unit of Account: ...

Impossibility of Subdivision of Goods: ...

Lack of Information: ...

Production of Large and Very Costly Goods not Feasible:

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