State three disadvantages of the barter system

cbse
economics
money-and-credit
cbse-class-10
cbse-class-10-social

#1

State three disadvantages of the barter system.

Answer:

  • In a barter system, double coincidence of wants is required.
  • Here, the person is required to sell only what the other wishes to buy.
  • If both parties do not agree, the goods cannot be exchanged for goods.