What in the lack of common measure of value under barter system
Answers
Answer:
all the commodities are not equal so no common unit. for example you have wheat and I have rice both are ready to exchange good but it is very difficult how much needed .
Barter Economy is a system of the market where goods and services are exchanged with the goods and services required.
EXPLANATION-
The barter system is the oldest system of an economy that use to deal with goods. This system was lack and was flawed in many ways. Like, the exchange of goods with each other can't be made until or unless the desired of the two parties matches. This was a long process of an economy to complete its channel of exchange.
Factor the barter system lack in is -
• The value assessment of the products can be made appropriately.
•The payment of goods under the barter system did have the same value it was different with different personalities and situations of exchange.
•It had a rigid while exchanging the goods with each other. It was also a long process.
Barter system was an inefficient and ineffective market processing that was complex with having no certain time value of processing as well as proper value for the goods they exchanged within the market.
Learn more about the barter system-https://brainly.in/question/7313488