History, asked by Raghvi1, 1 year ago

why did barter system failed???

Choudhary1Saab: Lack of Double Coincidence of Wants:Barter transactions can be possible only when two persons desiring exchange of commodities should have such commodities which are mutually needed by each other. For example, if A wants cloth, which B has, then A should have such commodity which B wants.

Answers

Answered by Anonymous

1

Barter system failed because those people who need potatoes and with whom he/she suppose to share if they don't want then they can't able to get potatoes and in this way there will be a disunity between people

Answered by ShivaniRathi1

1

* Lack of double confidence of wants. * Division issues. * Lack of a common measure of value. * Lack of store of value.

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