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State two difficulties of barter system. - Economic Applications

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Questions

State two difficulties of barter system.

State two demerits (or difficulties) of barter system of exchange. 

Answer in Brief
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Solution

  1. Barter exchange requires double coincidence of wants which is very difficult.
  2. Under barter exchanges, we face the problem of division and sub-division of goods. 
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Chapter 7: Meaning and Functions of Money - QUESTIONS [Page 184]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 7 Meaning and Functions of Money
QUESTIONS | Q 2. | Page 184
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 7 Meaning and Functions of Money
QUESTION BANK | Q 2. | Page 185
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