What is a barter system? What are its drawbacks or disadvantages of barter system? Explain the drawbacks or disadvantages of barter system. For 5marks in undergraduate level student.
How many types of inflation on money? Explain the types of inflation on money.
For 5marks in undergraduate level student.
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Drawbacks of Barter system
There was a lack of common measurement i.e. value of the good of one item was not always equal to the other item being exchanged for. For e.g exchange of rice for cow. 3. It was tedious to store the items that were obtained from exchange for future exchanges, as most of the items perished. 4.
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barter system means dahej pratha now you can write by your own
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