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A double coincidence of wants meaning both parties wish to exchange what each other needs.

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13y ago

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Is barter the main means of exchange in command economy?

No, barter is not the main means of exchange in a command economy. In such economies, the government typically controls production and distribution, determining what goods and services are available and their prices. Currency is usually used for transactions, but the government may heavily regulate or control the flow of money. Barter may occur informally, but it is not the primary method of exchange.


What is barter system and what are its problem?

The barter system is an ancient method of exchange where goods and services are traded directly for other goods and services without using money as an intermediary. Its main problems include the difficulty in finding a mutual want (the "double coincidence of wants"), lack of a common measure of value, and challenges in storing or transporting certain goods. Additionally, bartering can complicate transactions and limit the scale of trade, making it less efficient compared to monetary systems.


What is the difference between sale and barter exchange?

the main distinction between sale&agency contract?


What is the main problem with the Obamacare health insurance exchange software?

The main problem with the Obamacare health insurance exchange software is that it causes some computer to restart frequently.


What were the main problems faced by the people who used the barter system?

desperation of which one would get a bad deal


What are the 3 main fuctions of money?

Money as a Medium of Exchange, Money as a Measure of Value, Money as a Store of Value.


The main function of the respiratory system is to?

The main function of the respiratory system is the exchange of gases. It brings in oxygen and elmiinates carbon dioxide.


Is the main function of the respiratory system?

The main function of the respiratory system is the exchange of gases. It brings in oxygen and elmiinates carbon dioxide.


What is the main function of the repriratory system?

The main function of respiratory system is exchange of gases. To give out carbon bi oxide and absorb the oxygen.


What main tissue is there in the respriating?

The main tissue in the respiratory system is the epithelial tissue, which lines the airways and facilitates the exchange of gases in the lungs. This tissue helps to protect the respiratory system from harmful substances and infections while allowing for efficient gas exchange.


Why is the abs light on in a 2000 Malibu?

the amber ABS light indicates a problem with the ABS system, not the main braking system. but the main braking system is working.


Why do we called lungs as the main organ in respiratory system?

Because that is where the primary gas exchange happens.

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