Question

What is meant by double co-incidence of wants?

Answer 1

The coincidence of wants problem is an important category of transaction costs that impose severe limitations on economies lacking money and thus dominated by barter or other in-kind transactions.

Answer 2

*The coincidence of wants problem is an important category of transaction costs that impose severe limitations on economies lacking money and thus dominated by barter or other in-kind transactions.
*The problem is caused by the improbability of the wants, needs or events that cause or motivate a transaction occurring at the same time and the same place.
*The term 'double coincidence of wants' was coined by William Stanley Jevons