Durekhan Durekhan

19-09-2020
Social Studies

contestada

2.3
Define barter system. Also states the difficulties faced by this system

Respuesta :

daanila daanila

19-09-2020

Answer:

The exchange of goods and services without the use of money

Explanation:

Difficulties with this may be:

Lack of a common measure of value.

Lack of fair exchanges

Lack of double coincidence of wants.

Difficulty in storing value.

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