Lack of double coincidence of wants exists in barter exchange as all commodities are not of equal value
True or False with Reasons:
Lack of double coincidence of wants exists in barter exchange as all commodities are not of equal value.
Anurag Pathak Changed status to publish December 15, 2023
False,
It exists under barter exchange because of the difficulty in the simultaneous fulfillment of mutual wants of buyers and sellers.
In a barter system, goods are exchanged for goods.
The transaction happens when two people want to sell and purchase each other commodity at the same time
Anurag Pathak Changed status to publish December 15, 2023
