Question:
Which of the following leads to a situation where people are unable to trade with each other?
Which of the following leads to a situation where people are unable to trade with each other?
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In barter systems, the lack of double coincidence of wants makes trading difficult, as each party must want what the other has.
Updated On: Mar 31, 2026
- Lack of Double Coincidence of Wants
- Lack of Durability
- Lack of Common Measure of Value
- Problem of Storing Wealth
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The Correct Option is A
Solution and Explanation
The concept of double coincidence of wants refers to the situation where two parties have what the other wants. This is a major problem in barter systems as it is hard to find two people who want exactly what the other offers. Thus, the correct answer is (A).
Final Answer: Lack of Double Coincidence of Wants.
Final Answer: Lack of Double Coincidence of Wants.
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