Social Sciences, asked by deekshimenon, 9 months ago

What is double coincidence of wants

Answers

Answered by gowrinanda
3

Answer:

Explanation:

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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Answered by binuvarghesee
0

Answer:

The 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. This type of exchange is the foundation of a bartering economy.

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