Question

Give a main limitations of barter system

Answer 1

1. Lack of Double Coincidence of Wants:

2. Lack of Common Measure of Value

3. Lack of Standard of Deferred Payment:

4. Lack of Store of Value:

Under barter system, it is difficult for people to store wealth for future use

Answer 2

The limitations of barter system
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Barter system is time consuming

Two people with different types of needs and goods must be there to satisfy each other's need

There are many products which cannot be divided

Valuation of goods is very difficult