explain double coincidence of wants with the help of an example.
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double coincidence of wants is also known as barter system in earlier time when currency is not started a person who need anything he have to give another thing at that place whatever he wants .
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Heya
Here is your answer
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It means both the parties i.e. the buyer and the seller have to agree to sell and buy each other's commodities.
E.g.: Suppose there is a shoe manufacturer who wants to exchange shoes for wheat. He would have to look for a wheat growing farmer who not only wants to sell wheat but also wants to buy shoes in exchange. That is, both the parties have to agree to sell and buy each other's commodities.
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