Hindi, asked by sumityadav9183, 11 months ago

How does the lack of double coincidence of wants create problems in the barter system?

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Answered by ayushipc111

6

Answer:

Double coincidence of wants means that both of the parties have to agree to sell and buy each commodity. Besides barter, other kinds of in-kind transactions also suffer from the coincidence of wants problem in the absence of a medium of exchange. Romance, for example often relies on a double coincidence of wants.

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