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Home/Questions/What are the limitations of the barter system?...

What are the limitations of the barter system?

Class 7Social ScienceFrom Barter to Money

Verified Answer

The barter system has several limitations, including the double coincidence of wants, which means that both parties must want what the other offers. Additionally, it can be difficult to divide goods for smaller exchanges, and there is no standard measure of value, making it challenging to determine fair trades.