Which of the following is a major disadvantage of the barter system?

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Helps in exchanging goods

Double coincidence of wants

Creates demand for goods

All of the above

answer is B.

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Detailed Solution

Double coincidence of wants is one of the major disadvantages of the barter system.
In the barter system, two or more people exchange goods without money. In this system, when one person wants to buy exactly what the other person wants to sell, it is known as a "double coincidence of wants." It is undoubtedly beneficial in some instances. However, in most cases, one person does not want to buy what the other person wants to sell, and then conflict occurs. Money has helped in removing this problem.

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