1. What is a barter system? What are its drawbacks? – InterviewSolution

1.	1. What is a barter system? What are its drawbacks?
Answer» tion:The MAJOR drawbacks of the barter system were: (i) Lack of double coincidence of wants It was a major DRAWBACK of the barter system. ... (II) Lack of store of value DUE to absence of money in barter system, wealth was stored in terms of GOODS

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