Question

what is meant by double coincidence of wants ? ​

Answer 1

Answer:

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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

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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.....

Double coincidence of wants occurs when two individuals swap their goods, in exchange for one another. ... 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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