Question

What is double coincidence of wants?

Answer 1

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.

Answer 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.