Question

define double coincidence of wants?with example.​

Answer 1

Answer:

The situation in which both the parties have to agree to buy and sell each other commodities is called double coincidence of wants. FOR EXAMPLE : The shoemaker wants to buy wheat and the farmer wants to buy shoes then they both can exchange their commodities.

Answer 2

Answer:

here is ur answer

Double coincidence of wants occurs when two individuals swap their goods, in exchange for one another. This is also referred to as the 'perfect barter exchange'. In such cases, both the individuals are happy to exchange their good or commodities. For example, if two individuals want to exchange and................

hope it help you.........