Question

what is meaning of double coincidence of wants??​

Answer 1

Answer:

The coincidence of wants (often known as double coincidence of wants) is an economic phenomenon where two parties each hold an item the other wants, so they exchange these items directly without any monetary medium. ... Double coincidence of wants means that both of the parties have to agree to sell and buy each commodity

Answer 2

Heyy

Double coincidence of wants means that what one person wants to buy is exactly what the other person wants to sell. They exchange products without any medium in between.

For example:

The show make wants to buy wheat and the farmer wants to buy shoes. Then they both can exchange their commodities. The shoemaker can buy wheat by selling shoes to the farmer and the farmer will give his wheat for those shoes.

Hope it helps✨

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