how does the lack of double coincidence of wants create problem in the barter system
Answers
In barter system, goods are exchanged without the use of money. It requires the double coincidence of wants, which means both the parties must agree to sell and buy each others' goods. In case, this condition is not fulfilled the exchange of goods cannot take place as there is nothing to play the role as an intermediate.
For example, a shoemaker has to search for a farmer who is willing to accept shoes for selling his rice.
Answer:The barter system is dependent on double co incidence of wants.
For example if A and B wants to barter ,then A must have what B wants,at the same time ,B must have what A wants .If A and B wants does not meet this criterion,then it implies lack of double coincidence of wants .In such case trading is not possible..
Explanation: