MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Barter System

What is doubl...

Question

What is double coincidence of wants ?(Economics class 10)

Open in App

Solution

The coincidence of wants is an economic phenomenon where two parties each hold an item the other wants, so they exchange these items directly without any monetary medium. This type of exchange is the foundation of a bartering economy.

Suggest Corrections

thumbs-up

0

Similar questions

Q. How does money solve the problem of double coincidence of wants? Explain with an example of your own.

What is double coincidence of wants?

Q. What is meant by double coincidence of wants?

Q. Double coincidence of wants is a drawback of the barter system.

Q. The problem of double coincidence of wants is solved with the introduction of _____.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Barter System

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon