what do u mean by dubble coincidence.
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Double Coincidenceof want is a demerit of barter system.
Double coincidence of wants refers to a situation in a barter system where the goods or services offered by a seller are exactly the same as that required by a buyer and vice versa. The barter system of economy in which money is not prevalent as a medium of transaction depends upon this situation for a successful transaction.
Double coincidence of wants refers to a situation in a barter system where the goods or services offered by a seller are exactly the same as that required by a buyer and vice versa. The barter system of economy in which money is not prevalent as a medium of transaction depends upon this situation for a successful transaction.
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