Question

what is bartar system? what are its drawbacks?​

Answer 1

Answer:

Drawbacks of Barter Systems: 1. Lack of double coincidence of wants. 2. Lack of a common measure of value.

Explanation:

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Answer 2

Hey Mate Here Is Your Ans..

Question: What is Bartar System? What are its drawbacks?

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

Drawbacks of Bartar System:

→ Lack of double coincidence of wants.

→ Lack of a common measure of value.

→ Indivisibility of certain goods.

→ Difficulty in making deffered payments.

→ Difficulty in storing value.

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