Economy, asked by shreyanp243, 1 year ago

What is double coincidence of wants?

Answers

Answered by MoAmansheikh
5
The coincidence of wants lacking a medium of exchange, which have to rely on barter or other in-kind transactions. Double coincidence of wants means that the both the parties have to agree to sell and buy each commodities.

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Answered by pakilandeswari7
2

When 1 needs a shoe in an exchange of wheat and the another wants wheat but in the exchange of rice there arises doubke coincidence of wants.


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