A major source of inefficiency in barter economies is that they require:.

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02-05-2022
Business

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A major source of inefficiency in barter economies is that they require:.

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suchetasVT suchetasVT · Answer 1 · 2022-05-12T10:28:57-04:00

A major source of inefficiency in barter economies is that they require a. a double coincidence of wants in exchange.

What are the causes of a barter system's inefficiency?

The barter system is 'inefficient' because a 'double coincidence of wants' is required. Bartering between two parties requires that both parties have what the other wants.

There is no standard unit of account/common measure of value.

Therefore, the Barter system is considered an 'inefficient' system.

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What are the causes of a barter system's inefficiency?

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