Business Studies, asked by thfkz2276, 1 year ago

Reason why the use of money is better than trade by barter

Answers

Answered by Anonymous
1
Money is better than barter system because of the problem in double coincidence of want in which a trader cannot find another trader with whom he can exchange his goods money solve this case by working as a common medium of exchange.
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Answered by palak9668
0
It is beacause with the help of money we can buy the goods of our choice whereas in barter system there are chances of double coincidence of wants i.e both the persons have to agree to buy and sell others goods. What a person desires to sell is exactly what other person wishes to buy
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