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What are the drawbacks of barter system?

Posted by Francis Lalu 5 years ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 5 years ago

Barter System is a system of exchange in which one commodity is exchanged for another commodity.

Drawbacks of Barter Systems:

1. Lack of double coincidence of wants.

2. Lack of a common measure of value.

3. Indivisibility of certain goods.

4. Difficulty in making deferred payments.

5. Difficulty in storing value.

0Thank You

Sargam Sharma 5 years ago

There might not be double coincidence of wants. That is what one party want to sell might be the product the other party wants.

0Thank You

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