Social Sciences, asked by Divijyesta1471, 1 year ago

What is the difference between barter system and double coincidence of wants

Answers

Answered by susholic
77
Barter system is exchange of commodities of two parties, without paying or taking money.

In double coincidence of wants a person willing to sell something is bought by another person . Money is obviously involved here.
Answered by YashanshuMishra
50
DOUBLE COINCIDENCE OF WANT
both parties have to agree to sell and buy the each others commodities this is known as double coincidence of want
It is an feature of barter system

BARTER SYSTEM

What a person desire to sell is exactly what. other what other wises to buy.

In barter system good is directly exchange with out use of money

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