Question

What are the short coming of barter system?

Answer 1

The most common one is Double Coincidence Of Wants...........!!!!!

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Answer 2

Answer:

HERE IS YOUR ANSWER DEAR..

Explanation:

1. Exchanging of goods was difficult. Demand of two persons for each other’s commodity should have risen at the same time, otherwise exchange was not possible. This is known as double coincidence of want.

2. It is a time consuming process.

3. Exact valuation of goods may not be take place at the time of exchange of goods.

4. It is difficult to get the product on the spot and at the right time.