Q9 of 26 Page 3

What is meant by the double coincidence of wants?[CBSE 2015]

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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