Question

two demerits of barter exchange system.​

Answer 1

Barter means direct exchange of goods. In other words, barter refers to exchanging of goods without the use of money. For example, corn may be exchanged for cloth, house for horses, bananas for oranges and so on.

Two demerits of barter exchange system are

1. Lack of Double Coincidence of Wants.

2.Lack of a Common Measure of Value.

Answer 2

Hi

Its swayze(luv)

Demerits of barter system

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1. It requires Double Coincidence of wants

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In the barter system since there is no common medium of exchange.

there must be double coincidence of wants.

2. There is lack of divisibility

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Another difficulty of barter system relates to the fact that all goods.

cannot be divided and subdivided.

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Thankyou