What are the difficulties from which the barter system of exchange suffers? -SST 10th

1 Answer

Answer :

(i) Lack of double coincidence of wants. (ii) Valuations of all the goods cannot be done easily. (iii) Certain products cannot be divided.

Related questions

Description : How were the difficulties of barter system overcome? -Geography

Last Answer : The difficulties of barter system were overcome by the introduction of money

Description : (i) In barter transaction goods are exchange for ____________

Last Answer : Complete the following sentence : (i) In barter transaction goods are exchange for ____________ ( ... more than his assets is known as ___________

Description : Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : (4) Goods are exchanged with goods. Explanation: Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, ... crisis, such as when the currency may be either unstable or simply unavailable for conducting commerce,

Description : ____________ is termed as consideration in a contract of sale: A. Exchange money B. Barter money C. Price D. Reward

Last Answer : C. Price

Description : The oldest form of exchange--trading of products--is known as A)credit. B)buying. C)purchasing. D)barter. E)pricing.

Last Answer : D)barter.

Description : What do all of the following have in common: tuition, fee, premium, retainer, dues? A)They all must be paid in cash. B)They are forms of exchange similar to, but not identical with money. ... of exchange similar to, but not identical with barter. D)They are different terms for the concept of price.

Last Answer : D)They are different terms for the concept of price.

Description : Exchange of goods against goods is called (a) Charter (b) Barter © Hunter (d) None of them.

Last Answer : (b) Barter

Description : Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : Goods are exchanged with goods.

Description : State three disadvantages of the barter system. -SST 10th

Last Answer : . In a barter system, double coincidence of wants is required. . Here, the person is required to sell only what the other wishes to buy. . If both parties do not agree, the goods cannot be exchanged for goods.

Description : Give an example to show that double coincidence of wants is necessary in a barter system. -SST 10th

Last Answer : A shoe manufacturer wants to sell shoes in the market and buy wheat. The shoe manufacturer will first exchange shoes that he had produced for money, and then exchange the money for wheat. Imagine how ... agree to sell and buy each other's commodities. This is known as double coincidence of wants.

Description : What is the meaning of barter system ? -SST 10th

Last Answer : Barter system involves exchanging goods directly with no medium like money. One good is bought for another good.

Description : I have to prepare a 15 page project(excluding pictures) on the topic''Evolution of money from barter system to plastic money.'' How should i do it? -SST 10th

Last Answer : This answer was deleted by our moderators...

Description : What is the barter system and double coincidence of wants ? -SST 10th

Last Answer : In the olden days, when modern currency was not in vogue, people had to sell and buy each others commodities. This was called the barter system. For instance if a shoe manufacturer wants ... goods are directly exchanged without the use of money, double coincidence of wants is an essential feature.

Description : What is the meaning of ‘barter system’? -SST 10th

Last Answer : The exchange of goods, property, services, etc. for other goods, etc. without using money is known as ‘barter system’.

Description : Mention three limitations of the barter system. -SST 10th

Last Answer : 'This answer was deleted by our moderators...

Description : What is Barter System ? -SST 10th

Last Answer : Barter is a system of exchange in which goods are directly exchanged without the use of money.

Description : Why is money transaction system better than barter system ? -SST 10th

Last Answer : (i) Transaction system is better than barter system because double coincidence of wants creates problem. (ii) For example, shoe manufacturer wants to sell shoes in the market and wants to ... use; money by providing the crucial intermediate step eliminates the need for double coincidence of wants.

Description : Identify the condition when both the parties in a barter economy have to agree to sell and buy each other's commodities? What is it called ? -SST 10th

Last Answer : The situation mentioned in case of a barter economy is called Double Coincidence of Wants.

Description : Recognize the situation when both the parties in a barter economy have to agree to sell and buy each other's commodities ? -SST 10th

Last Answer : This is known as double coincidence of wants.

Description : Do you think that if the economy doesn't get back on its feet, we will resort back to a legal barter system at least partially?

Last Answer : I have been bartering for years to some extent. You should see my pearly white veneers and the beautiful kitchen my dentist has! (Hubby is a contractor.)

Description : What are the advantages and disadvantages of the barter system over the use of money?

Last Answer : Tax avoidance

Description : Why was barter system replaced by coins?

Last Answer : Need answer

Description : People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?

Last Answer : c

Description : A barter is an economic system based on the?

Last Answer : exchange of goods for other goods.

Description : Exchanging Wheat for Rice is the example of a. Indigenous Banking System b. Barter System c. Public Distribution System d. None of the above

Last Answer : b. Barter System

Description : Which of the following is the oldest system of money? (a) Barter ; (b) Plastic money ; (c) Credit money ; (d) Gold

Last Answer : (a) Barter ;

Description : Mention any four difficulties of the local government in India. -SST 10th

Last Answer : (i) Most states have not transferred significant powers to the local governments. (ii) There is a shortage of resources. (iii) Elections are not held regularly. (iv) The Gram Sabhas are not held regularly.

Description : Explain two achievements and two difficulties of the Iocal self-governments in India. -SST 10th

Last Answer : Achievements : (i) It has made the country more united and stronger. (ii) It has also made the administration easier. Difficulties : (i) There is a shortage of resources. (ii) Elections are not held regularly.

Description : “Local governments have made a significant impact on Indian democracy. At the same time there are many difficulties.” Explain. -SST 10th

Last Answer : (1) Impacts : (i) Constitutional status for local governments has helped to deepen democracy. (ii) It has increased women's representation and voice in our democracy. (2) ... not transferred significant powers to local governments. (iii) State governments have not provided adequate resources.

Description : What difficulties are faced during local government elections? -SST 10th

Last Answer : . While elections are held regularly and enthusiastically, Gram Sabhas are not held regularly. . Most State governments have not transferred significant powers to the local governments. . Nor were they given adequate resources.

Description : Explain two achievements and two difficulties of Local Self Government in India. -SST 10th

Last Answer : Achievements (i) At the local level, it is possible for the people to directly participate in decision making. This helps to inculcate a habit of democratic participation. (ii) ... transferred significant powers to the local governments. They do not give adequate resources also to them.

Description : Explain two achievements and two difficulties of Local Self Government in India. -SST 10th

Last Answer : Achievements (i) At the local level, it is possible for the people to directly participate in decision making. This helps to inculcate a habit of democratic participation. (ii) ... transferred significant powers to the local governments. They do not give adequate resources also to them.

Description : What were the difficulties faced by manuscripts in India? -SST 10th

Last Answer : The handwritten books were very expensive and very fragile. They were difficult to carry and had to be handled carefully. They were also not easy to read as the script was written in many ... were not used in everyday life. Thus, students became literate without ever actually reading the texts.

Description : When and where was the first section of the underground railway opened in the world? Explain any three difficulties of travelling in that underground railway. -SST 10th

Last Answer : The first section of the underground railway In the world was opened on 10th January, 1863 between Paddington and Farringdon street in London. Difficulties: (i) People were scared of travelling ... ) They were considered as iron monsters as they led to the destruction of the entire city.

Description : What were the three difficulties in copying manuscripts? -SST 10th

Last Answer : Difficulties in copying manuscripts were: (i) Copying manuscript was an expensive business. (ii) It was laborious and time-consuming. (iii) Manuscripts themselves were fragile, awkward to handle and ... of books in large number created a new culture of reading and enlarged the number of readers.

Description : After 1990 globalization has caused difficulties to Indian farmers, how do you think the lot of farmers can be improved in India? -SST 10th

Last Answer : Farmers are unable to compete with foreign agricultural products. To improve their condition and prevent farmer suicides, various suggestions are as follows: (i) Genetic engineering can help to ... of crops from only cereals to highvalue crops which can grow easily in Indian climatic conditions.

Description : “Local government’s have made a significant impact on Indian democracy. At the same time there are many difficulties”. -SST 10th

Last Answer : Impact of local self government on Indian democracy: (i) Constitutional status for local government has helped to deepen democracy. (ii) It has increased women's representation and voice ... significant powers to local government. (iii) State governments do not provide adequate resources.

Description : Barter: if we all lived together in a flutherworld, minutes away from each other, what would you barter?

Last Answer : answer:I could teach beginners Spanish, bake some desserts, help your kids with math up through algebra, hook a rug, run some errands. What I need is a gardner, someone to cut back the bushes and trees in my ... once a month. Oh, and I need a handyman to do a little this and that around the house.

Description : Who is Barter?

Last Answer : Are you sure it’s not Barker? (As in Ma Barker of outlaw fame)

Description : Could you Barter and survive?

Last Answer : answer:In the question you link to I show a certain dislike for big greedy corporations, but, im just as bad. yes I would survive well, and while i hate the system we have at the moment, i ... better or worse, well, i dont know, i dont really measure things that way. im leaning towards better.

Description : In barter transactions, goods or services are purchased for other goods or services.

Last Answer : State whether the following statement are true or false with reason : In barter transactions, ... services are purchased for other goods or services.

Description : What was commonly used to barter?

Last Answer : Need answer

Description : A barter economy is?

Last Answer : an economic system based on exchanging goods instead of money.

Description : Price mechanism is a feature of - (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Last Answer : (1) Capitalist economy Explanation: Price mechanism is an economic term that refers to the manner in which the prices of commodities affect the demand and supply of goods and services. It is ... that only by allowing prices to move freely will the supply of any given commodity match demand.

Description : A Free Trade Zone is an area 1. where goods are traded free of cost 2. where goods are traded through barter 3. where there are no customs duties 4. where government controls production and distribution 5. None of these

Last Answer : where there are no customs duties

Description : The gains from two nations depend on A. Domestic barter rates B. Different in the domestic barter rates of the two countries C. Terms of trade D. Degree of absolute advantage.

Last Answer : Terms of trade

Description : In a _____ countertrade the initial seller receives compensation in products that arise out of the original sale. A. consignment B. barter C. counterpurchase D. buy-back agreement E. switch trading

Last Answer : D. buy-back agreement

Description : Which of the following is not a form of countertrade? A. barter B. consignment C. switch trading D. counterpurchase E. compensation agreement

Last Answer : B. consignment

Description : Forms of countertrade include the following except ___. A. simple barter B. clearing arrangement C. switch trade D.counterpurchase E. mutual agreement

Last Answer : E. mutual agreement

Description : Price mechanism is a feature of (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Last Answer : Capitalist economy