Class 10th Important Question
CBSE 2022-2023
NCERT Social Science
Class 10th Economics CH: 3
CH:3 Social Science, Economics
Important Question for Board class 10th SST CH:3
Important Very Short Answer
Important Question Class 10th SSt Money and Credit
(a) A system in which goods are directly exchanged without the use of money is called barter system.
(b) Double coincidence of wants means when both the parties – seller and purchaser – ae agree to sell and buy each other’s commodities. It implies that what a person desires to sell is exactly what the other wishes to buy. No money is used in such an arrangement. Therefore it is an essential feature of barter system.