Question

List any 2 inconveniences of barter exchange.

Answer 1

Answer:

Lack of double coincidence of wants

Lack of common measure of value

Lack of standard of deferred payment

Answer 2

Answer:

Inconveniences (Problems) of Barter Exchange:

Lack of double coincidence of wants: ...

Lack of common measure of value: ...

Lack of standard of deferred payment: ...

Difficulty in storing wealth (or generalised purchasing power): ...

Indivisibility of goods:

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