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Problems of barter system

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Problems of barter system

    • Posted by Nagasaki Ali 6 years, 5 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Sia ? 6 years, 5 months ago

    The five main difficulties found in barter system are as follows:

    • Double Coincidence of Wants
    • Lack of a Standard Unit of Account
    • Impossibility of Subdivision of Goods
    • Lack of Information
    • Production of Large and Very Costly Goods not Feasible.

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