State Three disadvantages of the barter system
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...Double Coincidence of Wants:
...Absence of Common Measure of Value:
...Lack of Divisibility:
...The Problem of Storing Wealth:
...Difficulty of Deferred Payments:
...Problem of Transportation:
...Absence of Common Measure of Value:
...Lack of Divisibility:
...The Problem of Storing Wealth:
...Difficulty of Deferred Payments:
...Problem of Transportation:
Answered by
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Explanation:
Barter system involves various difficulties and inconveniences which are discussed below:
Double Coincidence of Wants: ...
Absence of Common Measure of Value: ...
Lack of Divisibility: ...
The Problem of Storing Wealth: ...
Difficulty of Deferred Payments: ...
Problem of Transportation:
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