Q.13 money overcomes the problems of barter system
1) Can't say
2) No
3) Sometimes
4) Yes
Answers
Answered by
0
Answer:
3- sometimes
Explanation:
Money solves the problem of double coincidence of wants. For eg: if a person needs wheat in exchange of tea that he/she must search for a person who is ready to trade wheat for tea .
Answered by
0
Answer:
Barter system was a system of exchange where goods were exchanged for goods and there was no common medium of exchange in the economy. Barter system had many drawbacks like lack of double coincidence of wants, lack of a common unit of value, difficulty of future payments or contractual payments and difficulty of storage of value and transfer of value. Therefore, unemployment is not a problem related to barter system.
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