Question

limitations of Bartar system
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Answer 1

Barter Exchange: Meaning and Limitations of Barter Exchange

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

The major limitations of Barter Exchange 

Lack of Double Coincidence of Wants

Lack of Common Measure of Value

Lack of Standard of Deferred Payment

Answer 2

Answer:

1 lack of a standard unit of account with which to measure values of different goods and services made exchange or trade difficult. 2 Impossibility of Subdivision of Goods 3Another problem faced under the barter system for exchange of goods was impossibility of subdivision of goods without loss of their value.

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