Social Sciences, asked by baibhabhazarika124, 10 months ago

Your demerits of a barter system

Answers

Answered by riyababla2006
0

Answer:

Drawbacks of Barter System

The problems of international trade, such as, foreign exchange crisis, adverse balance of payments, do not exist under barter system. iv. There is no problem of concentration of economic power into the hands of a few rich persons under the barter system because there is no possibility of storing the commodities


baibhabhazarika124: Not excatly getting the point
Answered by adrija7
1

Demerits are:

♥ double coincidence of wants

♥ absence of common measure of value

♥ lack of divisibility

♥the problem of storing wealth

♥ difficulty of deferred payments

♥ problem of transportation

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