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DRAWBACKS / DIFFICULTIES OF BARTER SYSTEM. — Commerce Keypoint

DRAWBACKS / DIFFICULTIES OF BARTER SYSTEM.

by
  1. Double coincidence of wants.
  2. Lack of standard rate of exchange.
  3. Indivisibility of large items.
  4. Problem of Storage Systems
  5. Deferred payments were made difficult.
  6. It wastes time and energy.
  7. Discourages large-scale production.
  8. Discourages specialization.
Others are Viewing:
  1. QUALITIES OF MONEY
  2. FUNCTIONS OF MONEY
  3. TYPES OF MONEY
  4. DEMAND FOR MONEY
  5. MOTIVES FOR HOLDING MONEY
  6. VALUE OF MONEY
  7. QUANTITY THEORY OF MONEY

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