Question

Double coincidence
of wants​

Answer 1

The Double Coincidence of Wants means when both the parties have to agree to sell and buy each other's commodity i.e whatperson desires to sell is exactly what the other person wishes to buy....

Explanation:

For ex :If a shoe manufacturer wishes to sell his shoes and in exchange want 2kg rice then he had to search for a person who could buy his shoes and at the same time sell 2kg rice Then it would be called as Double Coincidence of Wants / Barter system.....

I hope u got ur answer, Dear

Answer 2

Answer:

Double coincidence of wants refers to simultaneous fillfillment of wants of buyers and sellers.Barter system can work only where double coincidence of wants exists.