0 votes
in Revision by

What are limitations encountered in barter trade?

1 Answer

0 votes
by (57.6k points)

Limitations encountered in barter trade are;

  • Hinders specialization
  • Requires double coincidence of wants
  • Lacks standard measure of value
  • Indivisibility of some commodities
  • Inconvenience in transporting some goods.
  • Lack unit of account.
Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.
...