Economy, asked by unatha4, 11 months ago

Define double coincidence of wants.​

Answers

Answered by Anonymous
1

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The double coincidence of wants mean that both the parties have to agree to sell and buy each other's commodity i.e. what a person desires to sell is exactly what the other person wishes to buy.

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Answered by hiratayyab17
3

Answer:

DescriptionThe coincidence of wants is an economic phenomenon where two parties each hold an item the other wants, so they exchange these items directly without any monetary medium. This type of exchange is the foundation of a bartering economy.

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