Question

what is meant by the double coincidence of wants

Answer 1

if we r in need of some cosmetics we will share that cosmetics with other which have cosmetics which we want and that person is also in need of cosmetics which we have them.sharing of cosmetics with othet

Answer 2

Answer:

Double coincidence of wants is a condition in which the buyer and seller should agree to sell each other’s commodity in exchange even if they are not interested.

Explanation:

1. In this system, product and services are exchanged in return of product and services needed by the other person without any exchange of money.

2. But the main deal is that both parties should have the goods and services which the other party is ready to buy, or it is useful for him.  

3. For example- A shoemaker wants to buy some rice. In this situation the shoemaker must find a person who is interested in buying his shoes and in exchange he will provide him rice so that both should be able to exchange the products and services which are related to their needs.

To read more:

What is double coincidence of wants? Explain with an example of your own?

https://brainly.in/question/3688961