The use of the barter system declined around 2,500 years ago in the Indian subcontinent. What could have been the reason for this descline?
Answers
Explanation:
Common Measure of Value: Constitutes one of the important reasons for the failure of the barter system. In barter system, there is no common measure of value; therefore, it is difficult to find out any fixed ratio for exchanging goods and services.
Answer:
Common Measure of Value was the main reason
Explanation:
Constitutes one of the important reasons for the failure of the barter system. In barter system, there is no common measure of value; therefore, it is difficult to find out any fixed ratio for exchanging goods and services. And It was A waste of time and resources Plus in rare cases when people were not happy about the goods the were receiving problems would start with the people and it would end up being up Group argument Because as the two people are fighting the other people near by here the discussion will also join by But this a rare case and, also one of the reasons of the Barter System Declined.