Mention the drawbacks of Barter system.
Answers
Answer:
(i) Lack of double coincidence of wants It was a major drawback of the barter system. ... (iv) Lack of store of value Due to absence of money in barter system, wealth was stored in terms of goods. Storing of goods carried some problems like cost of storage, loss of value, transfer from one place to other, etc.
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Answer:
The drawback of barter system is that if there is no common needs .
Explanation:
Example : If there is a man who needs shoes and wants to sell his wheat and there is another man who wants to buy wheat but doesn't have shoes . In this case both of the men have different needs but if they have a common method that is money they can fulfill their need . Hope it helps you . And if good answer then you can mark brainliest or this is not your required answer ask me or tell me in comments I will try to provide you the right answer .