Question

explain double concidence of wants?​

Answer 1

Answer:

double concidence of want means _

a situation where exchange of object take place only when both the parties are ready to do transaction of goods .

both exchange goods

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Answer 2

Answer:

Alright,

Assuming that there is a shoemaker. He is in need of a bag of rice. He goes and asks a rice vendor and asks for rice in exchange for shoes. However the rice vendor requires wheat instead.

The wheat vendor requires shoes in exchange for wheat.

This system of exchanging goods is known as bartering. In bartering, both the buyer and the seller must have an agreement to buy and sell or exchange their respective commodities is known as double coincidence of wants.

Hope this helps!n