What is Barter system? Explain its limitations]
Answers
Answered by
1
Answer:
A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. ... The value of bartering items can be negotiated with the other party.
Answered by
7
It covers Limitations ofBarter System ( Difficulty of Double Coincidence of wants, Lack of Common Measure of Value , Lack of Standard of Deferred Payments, Lack of Systemfor Storage & Transfer of Value , Lack of Divisibility).
Similar questions