What is barter system and what is its drawback
Answers
Answered by
4
Answer:
Barter system is a system in which goods are exchanged. There is no use of money there is only exchange of goods.
Answered by
3
Answer:
Bartar system was a system in old time in which goods were exchanged by another goods . No money was exchanged.
Drawbacks
If one person sell an item for eg. rice and the second person sells shoes and he wants rice than the second person can buy rice from first person but the first person can buy only shoes in return of rice which he might not want.Due to which trade is cancelled.
Similar questions