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barter system - Coggle Diagram
barter system
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trade, swap, trade off, exchange, give in exchange, ... more
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advanteges
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It requires Double Coincidence of wants. In the barter system since there is no common medium of exchange
There is lack of divisibility. Another difficulty of barter system relates to the fact that all goods cannot be exchange
There is a problem of storing wealth. With the barter system, there is much difficulty in storing wealth. This is...
System of deferred payment is not possible. The barter system does not provide a satisfactory unit in terms of which...
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