What were the difficulties in the barter system?

• Double coincidence of wants: One of the most difficult of barter system is the double coincidence of wants in which the buyer and seller should agree to sell each other's commodity in exchange even if they are not interested. This will also lead to not an equal valuation of the goods. There will be no existence of costly good or cheaper goods; All the goods will equal.

• Difficulty in finding buyer and seller: It is very difficult to find the buyer who is need of commodity which the seller wants to sell. Finding a person who is in need of the commodity that we are intended to sell is very difficult.

• Store of value: the Barter system lacks the function of store of value because the sold commodities cannot be saved for future use whereas money can be easily saved as a deposit. The goods do not possess the quality to use for future requirements.