what are the difficulties of barter system
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The difficulties of barter system are:
sometimes the goods are old, so it should be exchanged with the goods of its quality.
otherwise it will cause a problem.
this is the common problem faced.
sometimes the goods are old, so it should be exchanged with the goods of its quality.
otherwise it will cause a problem.
this is the common problem faced.
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Answer:In Barter system, goods and services are exchanged for other goods and services. In this type of transaction, money does not play any role. For eg. Exchange old furniture with computer.
Answer:In Barter system, goods and services are exchanged for other goods and services. In this type of transaction, money does not play any role. For eg. Exchange old furniture with computer.Difficulties in Barter system:
- Problems of double coincidence of wants.
- Lack of common measure of value.
- Difficulties in storage of goods.
- Indivisibility of certain goods.
- Problem of making differ payment.
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