“Barter system couldn’t satisfy double coincidence of wants.” Do you support this statement?
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Explanation:
Lack of Double Coincidence of Wants :- Barter transactions can be possible only when two persons desiring exchange of commodities should have such commodities which are mutually needed by each other.
Division Issues :- The second difficulty of barter exchange relates to the exchange of such commodities which cannot be divided.
Lack of Store of Value :- In a barter economy, the store of value could be done only in the form of commodities.
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