Question

State Three disadvantages of the barter system

Answer 1

...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:

Answer 2

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: