Question

what is meant by double coincidence of wants

Answer 1

when people want some good in exchange of other good

Answer 2

$\huge\pink{Chapter}{:}$

$\textsf{Money and Credit }$

Question :

What is meant by double coincidence of wants ?

Here is your answer

Double coincidence of wants means that both the parties have to agree to buy & sell eachother's commodities. It is a barter system where goods are exchanged without the use of money.

Example :

If a vegetable seller wants books & a book seller needs vegetables .This can be called as double coincidence of wants , here 2 individuals needs are satisfied.

_____________________________

#BlaiseBendeict's answers