What is the difference between barter system and double coincidence of wants
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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.
In double coincidence of wants a person willing to sell something is bought by another person . Money is obviously involved here.
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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
THANKS ,✌️✌️✌️✌️✌️✌️
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
THANKS ,✌️✌️✌️✌️✌️✌️
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