Question

why barter system is not possible in globalisation

Answer 1

In the barter system, on the other hand, it's biggest disadvantage is it depends on total coincidence of wants...
currency, a commodity, provides not only a standardization of exchange, but also store value and a unit of account.

Answer 2

Barter system of economy can't be possible in globalization:- Exchange of goods through medium of goods have virtually disappeared with the development y money aide system because of the facts as :- Lack of Double Coincidence of Wants:- For example if A wants cloth,which B has,then, A should have such commodities which B wants.In the absence of such coincidence of Wants, there will be no exchange. *Division issue*:- If a person has a cow and he wants cloth, food grain and other items of consumption. Cow can't be divided into pieces if for making payment of the goods are of smaller value. Lack of common Measure of value, Lack of stores of value were other reasons that made the barter system impossible to exist in globalization.