Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th

Barter System

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Topics

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  • Constraints in Barter System
  1. Lack of double coincidence of Wants 
  2. Non – existence of common measure of value
  3. Lack of direct contact between producer and consumers
  4. Lack of surplus stock
  • Invention of Money 

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  • Difficulties in Barter System
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