Economy, asked by richa1147, 1 year ago

what is basic feature of double coincidence of wants in which system it practiced

Answers

Answered by sehaj9037
25
The coincidence of wants (often known as double coincidence of wants) lacking a medium of exchange (such as money), which have to rely on barter or other in-kind transactions.Double coincidence of wants means that the both the parties have to agree to sell and buy each commodities.
Answered by BTSloverkpop
19
The basic feature of double coincidence of wants is that a barter system cannot work without barter system. It was practiced in barter system
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