Question

What do you mean by double coincidence of wants . Explain with an example?

Answer 1

when both the parties( not political party) agree to exchange each others goods for their needs then it is called double coincidence of wants....
Example- you are a tailor and I'm a farmer OK ! now you need to sell your clothes to buy food and I want to sell my food to buy clothes... clearly here you and I want each others commodities... thus I becomes a case of double coincidence of wants...