Identify the condition when both the parties in barter economy have to agree to sell and buy each other's commodities. What is it ?
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dhruvsh2
The condition asked above in the question is about the double coincidence of wants. The process in which two parties agree to buy and sell each other's commodities (exchange) or goods or services is known as double coinciedence of wants.
Answers & Comments
The process in which two parties agree to buy and sell each other's commodities (exchange) or goods or services is known as double coinciedence of wants.