Limitations of barter system
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Barter system need coincidence... it means both the peoples have to satisfy the need of each other..
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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 are:
Lack of Double Coincidence of Wants:
Lack of Common Measure of Value:
Lack of Standard of Deferred Payment:
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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