what is double coincidence of wants .How has money solve this problem?
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Money solves the problem of double coincidence of wants by acting as a medium of exchange. Double coincidence of wants implies a situation where two parties agree to sell and buy each other's commodities., i.e., what one party desires to sell is exactly what the other party wishes to buy.
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double coincidence of wants means both party buyer and seller has to agree to buy and sell their commodities
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