what is barter system ? explain its limitation
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By exchanging with each other the necessary needs
srihitha31:
By giving one another the needs wjat they want
exchanging
it has some limitations
if the other person who exchanges if doesn't have a good quality or quantity required
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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...
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What about limitation ??
I'll tell u... wait
Lack of Double Coincidence of Wants: Barter system can work only when both buyer and seller are ready to exchange each other's goods.
if the other person doesnt have enough to give u
Is it OK...
??
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