what is ecosystem limitations of barter system
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Answer:
Drawbacks of Barter system:
There was a lack of common measurement i.e. value of the good of one item was not always equal to the other item being exchanged for. For e.g exchange of rice for cow. 3. It was tedious to store the items that were obtained from exchange for future exchanges, as most of the items perished.
Ecosystem refers to a system that includes all living organisms ( Biotic factors) such as plants, animals, microorganisms etc in a habitat as well as its physical environment ( Abiotic factors) such as weather, soil, earth, sun, climate, rocks minerals etc, functioning together as a unit..
Barter system - barter system is a type of system in which exchange of goods or services are directly exchanged for other goods or services without using a medium of exchange,such as money
Limitations- Lack of Double Coincidence of Wants: Barter system can work only when both buyer and seller are ready to exchange each other's goods. ...
Lack of Standard of Deferred Payment: The borrower may not be able to arrange goods of exactly same quality at the time of repayment