Question

what is the limitation of barter system​

Answer 1

Answer:

The major limitations of Barter Exchange are:

Lack of Double Coincidence of Wants

Lack of Common Measure of Value

Lack of Standard of Deferred Payment

Answer 2

Barter system was a system of exchange where goods were exchanged for goods and there was no common medium of exchange in the economy. Barter system had many drawbacks like lack of double coincidence of wants, lack of a common unit of value, difficulty of future payments or contractual payments and difficulty of storage of value and transfer of value.