Question

explain four demerits of the barter system​

Answer 1

Answer:

The disadvantages of barter system were Goods were limited, Need for Double Coincidence of wants, Difficulty of Division and Sub - division of Goods, Difficulty in calculating the value of goods, Difficulty in the case of services and Difficulty in Strong Value

Answer 2

Answer:

1. time consuming
2. Need for Double Coincidence of wants
3. Difficulty of Division and Sub - division of Goods
4. Difficulty in calculating the value of goods