Question

Why did the barter system fail ?
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Answer 1

Answer:

Constitutes one of the important reasons for the failure of the barter system. In barter system, there is no common measure of value; therefore, it is difficult to find out any fixed ratio for exchanging goods and services. For example, an individual is willing to buy wheat in exchange of cloth.

Answer 2

Answer:

hii Good morning

Explanation:

Constitutes one of the important reasons for the failure of the barter system. In barter system, there is no common measure of value; therefore, it is difficult to find out any fixed ratio for exchanging goods and services. For example, an individual is willing to buy wheat in exchange of cloth.

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