Social Sciences, asked by Anonymous, 4 months ago

what is double coincidence of want???​

Answers

Answered by unyalasowmya
0

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.

Answered by Anonymous
2

Answer:

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

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