Скачать с ютуб Barter System в хорошем качестве

Barter System

The barter system refers to the system in which exchange commodity to commodity That means goods with goods, goods with services, and services with services. For example, Kasun is a farmer who farms sweet potatoes he wants to buy some meat so in the barter system Kasun needs to find a butcher who wants to share meets with sweet potatoes. The barter system has been failed due to the problems associated with the barter system. 01. Double Coincidence of Wants - In the above example Kasun needs to find a butcher who wants to share meet with sweet potatoes if not trade is not successful. 02. Lack of a Standard Unit of Account - In the barter system people face the problem of lack of a common unit of measurement in the above example Kasun wants to buy 1 kilogram of meat and does not know how many kilograms of sweet potatoes need to offer. Because 1 kilogram of meat has been traded with 5 kilograms of rice, with two dozen of eggs, etc... 03. Impossibility of Subdivision of Goods - For example, if Kasun wants to buy a cow for the purpose of farming he willing to give 3 kilograms of sweet potatoes for the cow but the cow owner does not willing to trade for 3 kilograms of sweet potatoes he wishes to trade for 6 kilograms of sweet potatoes. Either Kasun needs to provide the 6 kilograms of sweet potatoes or subdivide the cow if the cow was subdivided it is not worth Kasun's purpose. 04. Lack of Information - Another problem found in the barter system was that in it traders required a good deal of information for the exchange of goods. If Kasun does not any information on a butcher who is willing to trade meat with the sweet potatoes the trade is not possible. 05. Production of Large and Very Costly Goods not Feasible Created using simpleshow video maker - Sign up at https://videomaker.simpleshow.com and create your own simpleshow video for free