Economy, asked by laxman324, 1 year ago

what is double Co incidence

satya3212: The double coincidence of wants mean that both the parties have to agree to sell and buy each other's commodity i.e. what a person desires to sell is exactly what the other person wishes to buy. ... In a barter system commodities bare exchanged with commodities of other person without the use of money.

Answers

Answered by Jyotimodi

Exchange of things in which both the person agree to exchange their goods respectively to each other is known as double-co-incidence .It is also known as barter system.

hope it will helps you.

Answered by AsifAhamed4

DOUBLE CO INCIDENCE IS IN A BARTER SYSTEM WHEN BOTH OF THEM ACCEPT TO EXCHANGE THEIR GOODS IS CALLED AS DOUBLE CO INCIDENCE OF WANTS. FOR EXAMPLE, A FARMER WANTS SHOE AND HE WANRS TO EXCHANGE WHEAT AND THERE IS A SHOE MAKER WHO WANTS WHEAT AND WANT TO SELL SHOE IS CALLED AS DOUBLE CO INCIDENCE OF WANTS.

I HOPE IT HELPS YOU!

AsifAhamed4: please mark it as brainliest?!

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