More than Just Lines on a Map: Best Practices for U.S Bike Routes
bartersystem-170810143202.pptx
1.
2.
3.
4.
5.
6.
7.
8.
9. ▣ In Barter system goods were exchanged
through goods.
▣ In this process wants of both buyer and the
seller must coincidence.
▣ This is called Lack of coincidence of wants.
▣ Lack of coincidence of wants make the
difficulty of Barter system.
10.
11. ▣ Some Goods are Perishable.
▣ They perish in a short period.
▣ So it was not possible to store the goods in
Barter system for a long time
13. ▣ In Barter system we cannot divide all the
commodities into small units.
▣ It is also one of the problem of Barter system.
14.
15. ▣ In Barter system the value of every commodity
can be measured in terms of other commodity.
▣ But it is not possible to measure the commodity
value with other commodity.
16. ▣ Deferred payments means future payments.
▣ Under Barter system future payment for
present transaction was not possible.
▣ The future exchange involved some difficulties
17. ▣In order to overcome
the discussed
difficulties in barter
system, money was
invented in economy.
