Explain barter system and its disadvantages Related: CBSE Sample and NCERT In-text Questions - Sectors of Indian Economy

Question

Explain barter system and its disadvantages Related:  CBSE Sample and NCERT In-text Questions - Sectors of Indian Economy

Answer

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

Answer

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.

Answer

In This System We Exchange Good To.. Get Our Daily requirements..

Disadvantage

1) In most Of The cases Both Of The people are Not Having certain value..

2) Lack of Double coincidence Of wants..

3) Lack Of Common Measures...

Answer

The system of exchange of goods within two parties Disadvantages 1.Lack of double coincidence pic wants 2.Lack of common unit of value 3.Lack of storage capacity 4.Credits cannot be issued

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