Question

Questions -

1 - economy comes under which environment ?
2 - what is Barter system ?
3 - what are the disadvantages of this barter system ?

Hi , I am Hema's small sister ☺️
plZ slove those questions ☹️
​

Answer 1

Answer:

1. a macro environment is the condition that exists in the economy as a whole, rather than in a particular sector or region. In general, the macro environment includes trends in the gross domestic product (GDP), inflation, employment, spending, and monetary and fiscal policy.
2. a barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.
3. Drawbacks of Barter Systems:

• Lack of double coincidence of wants.
• Lack of a common measure of value.
• Indivisibility of certain goods.
• Difficulty in making deferred payments.
• Difficulty in storing value.

Answer 2

Answer:

2) ans: Barter system is an old system of exchange.It was practised when money was not invented.the system involved exchange of materials and services.

3) ans:

Drawbacks of Barter Systems:

Lack of double coincidence of wants.

Lack of a common measure of value.

Indivisibility of certain goods.

Difficulty in making deferred payments.

Difficulty in storing value.

1) ans: I hope the answer will be in production related environment in a country