Economy, asked by singhpriyanshu499, 1 year ago

what is barter system ? explain its limitation

Answers

Answered by srihitha31

By exchanging with each other the necessary needs

srihitha31: By giving one another the needs wjat they want

srihitha31: exchanging

srihitha31: it has some limitations

srihitha31: if the other person who exchanges if doesn't have a good quality or quantity required

Answered by shameelvp

Tha barter system was used during the ancient times. It means when someone buys something form u... the customer pays u not in the form of cash or coins but others such as shells, beads etc...

Plz mark as brainliest...

singhpriyanshu499: Thx bro

shameelvp: So.. plz mark as brainliest...

singhpriyanshu499: What about limitation ??

shameelvp: I'll tell u... wait

shameelvp: Lack of Double Coincidence of Wants: Barter system can work only when both buyer and seller are ready to exchange each other's goods.

srihitha31: if the other person doesnt have enough to give u

shameelvp: Is it OK...

shameelvp: ??

shameelvp: Mow plz mark me.

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