Economy, asked by isha2707rao, 11 months ago

what is double coincidence of wants​

Answers

Answered by sourya1794
8

Explanation:

The situation in which both the parties have to agree to buy and sell each other commodities is called double coincidence of wants. FOR EXAMPLE : The shoemaker wants to buy wheat and the farmer wants to buy shoes then they both can exchange their commodities.

Answered by ihabbasheer
1

Answer:

Double coincidence of wants means that the both the parties have to agree to sell and buy each commodities. ... With a medium of exchange you can sell your fruit when it is ripe and take the medium of exchange; then use that to buy wheat when it is harvested, without the need for a coincidence of wants.

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