Question

Give any 3 limitations of the Barter Sytem.

Answer 1

1) Hard to find the person who is need of our thing and whose thing would satisfy our need.
2) Hard to find double coincidence of wants.
3) Depends on quantity of object or thing need to be exchanged.

Answer 2

Hey mates, here is ur answer hope it's help you.

•Barter System can work when there exists 'Double Coincidence of Wants':

The major limitations of Barter Exchange are:

Lack of Double Coincidence of Wants:

Lack of Common Measure of Value:

Lack of Standard of Deferred Payment:

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