What is double coincidence of wants
Answers
Answered by
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.
pls do mark brainliest
Answered by
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.
Similar questions