What is a barter system? What are its drawbacks? (2024)

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Barter System is a system of exchange in which one commodity is exchanged for another commodity.

Drawbacks of Barter Systems:

1. Lack of double coincidence of wants.

2. Lack of a common measure of value.

3. Indivisibility of certain goods.

4. Difficulty in making deferred payments.

5. Difficulty in storing value.

See Also
Old-Fashioned Bartering Is Back. Here's a Guide to Smart Swapping

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What is a barter system? What are its drawbacks? (2024)
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