Question

Give three Disdvantages of barter system. (3 marks)​

Answer 1

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1. Lack of Double Coincidence of Wants:

2. Lack of a Common Measure of Value:

3. Indivisibility of Certain Goods:

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Answer 2

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Disadvantages of Barter system

• In barter system double coincidence of wants is required.
• Here the person is required to sell only but the other wishes to buy .
• If both paries do not agree, the goods cant be exchanged for goods.