Question

What are the disadvantages of barter system.​

Answer 1

Answer:

Drawbacks of Barter Systems:

• Lack of double coincidence of wants
• Lack of a common measure of value.
• Indivisibility of certain goods.
• Difficulty in making deferred payments.
• Difficulty in storing value.

Explanation:

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Answer 2

Barter System is a system of exchange in which one commodity is exchanged for another commodity.

Drawbacks of Barter Systems:
1. Lack of double coincidence of wants.
2. Lack of a common measure of value.
3. Indivisibility of certain goods.
4. Difficulty in making deferred payments.
5. Difficulty in storing value.