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What is limitation of barter system explain?
Most Upvoted Answer
What is limitation of barter system explain?
Bhai...

limitaions are

= Double coincidence of want

There are many products which cannot be divided.

Deciding the value of goods is difficult.


Community Answer
What is limitation of barter system explain?
Hello Akarsh,

Limitations of Barter System :

【】There are many products which cannot be divided.

【】Deciding the value of goods is difficult. e.g 1 kg wheat for a pair shirt while Shirt owner can demand 2 kg wheat for that shirt.

【】Double coincidence of wants is necessary. It means that Both parties have to agree to sell and buy each others commodities.e.g if a farmer wants to sell his wheat in exchange of shirt he has to find a shirt owner who wants to exchange shirt for wheat.

Thanks for asking the question, keep learning.
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What is limitation of barter system explain?
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