No, Bartering was not successful. Thus the system failed and
money was introduced for exchange between people. Because, it had
many limitations.
The limitations are :
- There is no common measure of value in barter system. So it was
difficult to find out a fixed ratio while exchanging the goods
between parties. Dividing the goods to equate the values were
difficult.
- The mutual needs of the parties have not been always met. The
parties may not get the exact goods they need through the exchange
system.
- Since commodities are exchanged, there can be some items which
are of perishable in nature.
- Such goods cannot be stored for a long period of time.