what is double coincidence of wants?
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the coincidence of wants means when two people have goods and services that are required by one another or want to trade by one another
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Double coincidence of wants is an essential feature of the barter system of exchange, where goods are exchanged for goods directly. In such a case, both the sides involved in the exchange have to accept to sell and buy each others commodities. This is called double coincidence of wants. What one person sells is exactly what the other wishes to buy.
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