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Explain barter system and its disadvantages
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Explain barter system and its disadvantages Related: CBSE Sample and ...
Simply agar mai bolu toh " The system of exchanging goods is known as Barter system " ( achha hua ab nhi hai .... :D)

Limitations ya disadvantage of Barter system :-
1) Two peoples with different types of needs and goods must be there to satisfy each other's needs.

2) there are many products which cannot be divided.

3) Barter system is time consuming.....

that's it
Community Answer
Explain barter system and its disadvantages Related: CBSE Sample and ...
Prior to money,goods were exchanged for goods to satisfy the needs of individuals.This-exchange of goods for goods is known as the barter system of exchange.
The disadvantages are:
1. Lack of Double Coincidence of Wants.
2. Lack of a Common Measure of Value.
3. Indivisibility of Certain Goods.
4. Difficulty in Storing Value.
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Explain barter system and its disadvantages Related: CBSE Sample and NCERT In-text Questions - Sectors of Indian Economy
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