Difficulty is of barter system
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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:
Explanation:
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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