Q. 94.1( 22 Votes )
What is meant by
Double coincidence of wants means that the person who wants to buy a good A and sell good B can buy it from another person who wanted to buy good B in exchange for good A only.
Explanation: The double coincidence of wants exists in the barter system and it is solved by the use of a standard medium like money.
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Why is money acceSocial Science - Board Papers