what does double coincidence of wants means?
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The coincidence of wants problem (often "double coincidence of wants" [verification needed ]) is an important category of transaction costs that impose severe limitations on economies lacking a medium of exchange (such as money), which have to rely on barter or other in-kind transactions.
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Hey mate...
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Coincidence of wants is the reason that money is so important in an economic system. Coincidence of wants occurs when two people have goods or services that they want to trade with each other..
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