Question

What are disadvantages of the barter system

Answer 1

There is no question of over or under-production under the barter system since goods are produced just to meet the needs of the society

Answer 2

Lack of double coincidence of wants.

Lack of a common measure of value.

Indivisibility of certain goods.

Difficulty in making deferred payments.

Difficulty in storing value.

Step-by-step explanation: