Question

mention the shortcoming of barter systemthat led to evolution of money? (3 marker only)

Answer 1

Heya...

Barter system of exchange is that in which one commodity is exchanged by other commodity....

It's shortcomings...

* It didn't used as future transfers...
* It can't be save for more time as if wheat is used as exchange so it can't be store more...
* It has no common unit of exchange one good is of high cost may be other not...

So Money comes on emergence...

Answer 2

Answer:

HERE IS YOUR ANSWER DEAR...

Explanation:

1. Exchanging of goods was difficult. Demand of two persons for each other’s commodity should have risen at the same time, otherwise exchange was not possible. This is known as double coincidence of want.

2. It is a time consuming process.

3. Exact valuation of goods may not be take place at the time of exchange of goods.

4. It is difficult to get the product on the spot and at the right time.