Question

good morning friends.
what is double concidence of wants?​

Answer 1

Answer:

GOOD MORNING FRIEND

Double coincidence of wants occurs when two individuals swap their goods, in exchange for one another. This is also referred to as the 'perfect barter exchange'. … For example, if two individuals want to exchange and place on a loaf of bread and a bag of apples, then this is known as double coincidence of wants.

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Answer 2

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.

Explanation:

Double coincidence of wants occurs when two individuals swap their goods, in exchange for one another. This is also referred to as the 'perfect barter exchange'.For example, if two individuals want to exchange and place on a loaf of bread and a bag of apples, then this is known as double coincidence of wants.

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