8 Questions
Why is storage of perishable commodities difficult in the barter system?
Storage of perishable commodities is difficult in the barter system because it can result in loss of value.
What are the challenges associated with the barter system introduced by Mesopotamian tribes?
The challenges include high search and transaction costs, difficulty in storing perishable commodities resulting in loss of value, and the need for double coincidence of wants which doesn't encourage specialization and division of labour.
What is the impact of the barter system on specialization and division of labour?
The barter system doesn't encourage specialization and division of labour due to the need for double coincidence of wants.
What is the title of the book?
A Brief History of Modern India
Who is the author of the book?
Rajiv Ahir I.P.S.
When was the revised and enlarged edition of the book published?
2017
Where is the publisher located?
Janakpuri, New Delhi
What is the price of the book?
` 365
Test your knowledge on the challenges of the barter system. Learn about the high search and transaction costs, difficulties in storing perishable commodities, and the lack of specialization and division of labor. Find out how these challenges affected the Mesopotamian tribes and their use of the barter system.
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