Question

what is double coincidence of wants ?explain with suitable example​

Answer 1

Answer:

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Double coincidence of wants occurs when two individuals swap their goods, in exchange for one another. This is also referred to as the 'perfect barter exchange'. For example, if two individuals want to exchange and place on a loaf of bread and a bag of apples, then this is known as double coincidence of wants.

Answer 2

Answer:

Double coincidence of wants occurs when two individuals swap their goods, in exchange for one another. This is also referred to as the 'perfect barter exchange'. ... For example, if two individuals want to exchange and place on a loaf of bread and a bag of apples, then this is known as double coincidence of wants.

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