Question

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What is Double co-incident want?

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Answer 1

Answer:

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.

Answer 2

Answer:

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Explanation:

Before the advent of money people used to follow barter system of exchange.

In barter system, good are directly exchanged between two or more parties who agree to exchange each other's good.

It is known as Double coincidence of wants.

So, in the batter system people used to look for the person who has the good that they want and with whom they can exchange their good.