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Question : 5
Total: 13
How do double coincidence of wants arise?
Solution:
(i) When two parties have to agree to sell and buy each other's commodities, double coincidence of wants arise.
(ii) In a Barter System where goods are directly exchanged without the use of money, double coincidence of wants is an essential feature.
(ii) In a Barter System where goods are directly exchanged without the use of money, double coincidence of wants is an essential feature.
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