Advantages and disadvantages of barter system?

merits of barter systemincrease in production,

gain in exchange of goods

independent work

prompt payments

no inflation

popular in rural areas

evolution of society

industrial revolution

International trade

demeritsnon-matching of wants

lack of common measure

lack of sub-division

problem of wealth storage

problem of wealth transfer

future payments problem

no division of labour

tax collection problem

no capital formatiom

no banking system

no stack exchange

no forward market