State three disadvantages of barter trade as medium of exchange in the Trans-Saharan trade

      

State three disadvantages of barter trade as medium of exchange in the Trans-Saharan trade

  

Answers


John
1. Language barrier, there was difficult in barganining of goods

2. Some goods were indivisible, hence led to a lot of frustration for example animals

3. Traders sometimes lacked double coincidence of wants

4. It was not easy to agree on the value of products, thus prolonging transactions.

5. The nature of some goods makes them inconvenient to handle for example perishable or bulky goods
johnmulu answered the question on March 13, 2017 at 08:28


Next: What is barter trade?
Previous: Name advantages of currency as a method of trade

View More History and Government Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions