Economy, asked by nehaflywithme12, 8 months ago

Explain double coincidence of wants?

Answers

Answered by Anonymous

Explanation:

Double coincidence of wants means for ex:- a land lord want labour for less wages and good profit ..to statisfy his needs on other hand labour want more wages and more days of work to satisfy his need.

Answered by preeti4565

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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