Social Sciences, asked by Smarthead2006, 22 days ago

”Double coincidence of needs is actually a problem and it also indicates development of the human society”. How?

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Answered by Anonymous
4

Answer:

The coincidence of wants (often known as double 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. ... Double coincidence of wants means that both of the parties have to agree to sell and buy each commodity.

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