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Explain the two drawbacks/limitations of barter …

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Explain the two drawbacks/limitations of barter system. How does money solve this problem?

Posted by Gourav Bourasi 1 year, 6 months ago

CBSE > Class 12 > Economics

1 answers

Dipanshu Garg 1 year, 6 months ago

Drawbacks of barter system : 1.Double coincidence of wants 2. Deferred payments not possible. Money solves this problem as money serves as a medium of exchange. We can exchange anything with money . With help of money , deferred payments (future payments ) can be easily made .

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