Question

what is double coindence of wants? explain?​

Answer 1

Explanation:

The double coincidence of wants mean that both the parties have to agree to sell and buy each other's commodity i.e. what a person desires to sell is exactly what the other person wishes to buy.

Answer 2

$\sf{ \blue{Verified \: answer :}}$

The double coincidence of wants mean that both the parties have to agree to sell and buy each other's commodity i.e.

• what a person desires to sell is exactly what the other person wishes to buy.

$\sf{ \underline{EXPLANATION: \: }}$

• The coincidence of wants (often known as double coincidence of wants) lacking a medium of exchange (such as money), 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.
• The basic feature of double coincidence of wants is that a barter system cannot work without barter system. It was practiced in barter system

MARK AS BRAINLIEST

☺THANK U☺