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Asked by Hardik Last Modified
Answer 
Apoorva Purohit
Double coincidence of wants occurs when two individuals swap their goods, in exchange for one another. This is also referred to as the 'perfect barter exchange'. In such cases, both the individuals are happy to exchange their good or commodities.
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. This results in an efficient transaction between the two individuals.
These types of transactions were practised during the barter economy system (cashless system), where two people had to swap each other's goods or commodities in exchange for one another. This type of system had its own limitations and drawbacks. One of the main limitations was that two people should have goods that they're willing to exchange.
For example, a loaf of bread cannot be exchanged for a bicycle because it would be no good. Then, there is no double coincidence of wants. However, if you can swap a loaf of bread for a bag of apples, then it satisfies the double coincidence of wants.
read less Richa Saraf
In a barter system commodities bare exchanged with commodities of other person without the use of money. But due to this certain problems start to occur which causes both sides to agree to buy and sell there products. For eg. a man wants to buy rice and in order to buy the product he goes to the shopkeeper but the shopkeeper wants to buy shoes for this the man had to arrange shoes for keeper, this is called double coincidence of wants.
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