Question

How is double coincidence of want not appreciable in the contemporary scenario

Answer 1

Answer:

in double coincidence of wants both person has to agree to exchange the things.

Explanation:

for ex. one person wants shoes and other person wants rice but one have shoes and another have wool

the person is ready to exchange but the second person wants rice and he have wool so there is no double coincidence of wants

that's why it is not good method

Answer 2

The double coincidence of want is what used to occur in the barter system. It is a situation that occurred between the seller and the buyer, where the requirements and needs of both parties are not met and they are left dissatisfied. If the buyer would be unable to meet the seller's needs, the exchange simply would not occur anymore.

• However, in the current times, this is not appreciable. The barter system is no longer in the system. The value of a product or service is fixed and the buyer pays the amount with cash or digital payment. Since in the barter system, there was no fixed value the double coincidence problem would happen.

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