Question

Mention any three limitation of the barter system.

Answer 1

Write any three limitations of the barter system. The limitations of the barter system: ... (ii)Lack of Common Measure of Value: In the barter system, all commodities are not of equal value and there is no common measure (unit) of value of goods and services, in which exchange ratios can be expressed.

Answer 2

Answer:

These are:

(a). Deciding the value of the goods is difficult

(b). There are many products which can not be divided