Question

explain four demerits of the bartar system.

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Answer 1

Answer:

1.Goods were limited,

2. Need for Double Coincidence of wants,

3.Difficulty of Division and Sub - division of Goods,

4. Difficulty in calculating the value of goods,

5. Difficulty in the case of services and Difficulty in Strong Value.

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Answer 2

In a barter system double coincidence of wants is necessary

Difficult to get the goods at the appropriate time.

Sometimes we don't get enough value for our product

difficulty in storing value

exchange of goods is very difficult.