Question

Identify the condition when both the parties in a barter economy have to agree to sell and buy each other's commodities? What is it called?​

Answer 1

Explanation:

The situation is called double coincidence of wants

Answer 2

Answer:

The condition when both the parties in a barter economy have to agree to sell and buy each other's commodities is known as double coincidence of wants. The initial difficulty in barter is to find two persons whose disposable possessions suit each other's wants.

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