answersLogoWhite

0


Best Answer

poor economics development,limited exchange and low production are 3 factors needed fr barter

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

13y ago

there must be a double coincidence of wants, and the elements of the desired trade must be of equal value.

This answer is:
User Avatar

User Avatar

Wiki User

11y ago

a double coincidence of wants

ability's to make what the other wants

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What conditions must prevail for barter to take place?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What percentage of barter income is taxable?

All of your barter income is taxable in the US according to the IRS. When you set up a one-on-one barter with another business, each business is expected to report the value of that exchange as income - on your regular Schedule C. If you join a formal barter exchange, they will (and must) report your barter income to the IRS with a 1099-B. This is a benefit to businesses because, any barter income you spend for business expenses will be deducted the same as cash. A business can also DONATE barter income to a 501(c)(3) to receive the same tax benefits as if you donated cash!


What does a change in expectations of future conditions mean?

Producers must always plan ahead to forecast sales, production, financing, and marketing. Many producers try to predict economic conditions and consumer demand for two to five years in advance. As conditions change, they increase or decrease production accordingly, and this increases or decreases supply. Imagine the planning and forecasting that must take place before a new car rolls off the assembly line.


Which is the main problem with the barter system of exchange?

A double coincidence of wants meaning both parties wish to exchange what each other needs.


What are the Advantages of money economy over barter trade?

Money solved all of the problems that the barter system created. This included a lack of common measure of value of commodities in barter. It also many other advantages which included portability and durability.


What two conditions must producers meet for there to be supply of a product?

Quantity and price

Related questions

Barter is limited in that?

There must be a dual coincidence of wants.


What conditions must be present for germination to take place?

Air, water and warmth must be present for germination to take place.


When you barter you must do what in order to buy something?

Trade it for something else.


What are the three basic economic questions must be answered in a barter economy.?

guide the economy


What must the environmental lapse be in order for stability to prevail?

less than the wet adiabatic rate.


What percentage of barter income is taxable?

All of your barter income is taxable in the US according to the IRS. When you set up a one-on-one barter with another business, each business is expected to report the value of that exchange as income - on your regular Schedule C. If you join a formal barter exchange, they will (and must) report your barter income to the IRS with a 1099-B. This is a benefit to businesses because, any barter income you spend for business expenses will be deducted the same as cash. A business can also DONATE barter income to a 501(c)(3) to receive the same tax benefits as if you donated cash!


Can any Will be contested in the state of California?

Any Will can be contested but to prevail you must prove there are technical errors in the Will that cause it to be invalid under state law. You won't prevail simply because you don't likethe provisions.


What conditions are needed for mummification of any organism to take place?

all water must be moved from the body,little to no decomposition from bacterial action can take place


How do you use prevailing in a sentence?

The word "prevailing" is an adjective. An example of a sentence using the word would be: The prevailing opinion seems to be that we should continue the program.


What are the conditions that help democratic government to work well?

There must be the three forms of governmet in place. Theae are the judiciary, the legislature and the executive.


What makes the object stay in place?

For an object to stay in place - unmoving - two conditions must be fulfilled:* The sum of all forces on the object must be zero. * The sum of all torques on the object must be zero. Usually the forces that tend to keep an object in place (despite forces such as gravity or wind) are anything holding it fast in place - including friction.


Why can't public figures collect damages for libel or slander?

They can. However, they must meet a different standard of proof to prevail.