difficulties of barter system in detail?
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The five main difficulties found in barter system are as follows: 1. Double Coincidence of Wants 2. Lack of a Standard Unit of Account 3. Impossibility of Subdivision of Goods 4.
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The five main difficulties found in barter system are as follows: 1. Double Coincidence of Wants 2. Lack of a Standard Unit of Account 3.There was no acceptable means of payment for the direct purchase of goods and services in the barter economy.
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