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-There must be presence of double coincidence of wants where both involved parties have to be in need the goods being exchanged.
-Both parties involved in the exchange should be willing to do the exchange with their other party.
-Money is also a condition in the exchange of any exchange happeninig presently.
-There has to be presence of wealth being transferred which may either be services or goods.
-The transfer of wealth between the two parties has to be in a legal way since all the illegal means of transfer are termed as invalid.
-There has to be a gain or benefits of both parties out the exchange happening between them.
-There shuold be two persons/parties participating in the exchange.
-Both parties should have each a different commodity from their other party to ensure good exchange between them.
franco crick answered the question on March 16, 2018 at 05:25
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