What are limitation of b barter system
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One of the two people is not satisfied with the exchange of goods..
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1) The most serious problem of barter system is double co - incidence
2) The second problem of barter system is measurement of value
3) The other problem of barter system is lack of divisibility. There are many goods, which cannot be cut into pieces to make exchange, such as goat , cow etc.
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4) Barter system does not provide any method of storage of purchasing power.
PLEASE KNOW ME THE THIRD POINT
HOPE IT HELPS YOU
ALL THE BEST FOR YOUR EXAM
2) The second problem of barter system is measurement of value
3) The other problem of barter system is lack of divisibility. There are many goods, which cannot be cut into pieces to make exchange, such as goat , cow etc.
I'm writing this one but can't understand
4) Barter system does not provide any method of storage of purchasing power.
PLEASE KNOW ME THE THIRD POINT
HOPE IT HELPS YOU
ALL THE BEST FOR YOUR EXAM
ishantbishi:
Hi
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mujhe nahi aaya
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