A.2 How do double coincidence of wants arise?
SOLUTION:
The meaning of double coincidence of wants is that both of the parties have to agree to sell and buy each other's commodity or products. So, under this system problems arise through the improbability or the demand of the wants, needs, or events that causes or motivates a transaction occurring at the same time and at the same place.
For example- A person exchanging his laptop with mobile phone in this case both party must be agreed upon the term and conditions of wants and exchange at the same time and at the same place.
The meaning of double coincidence of wants is that both of the parties have to agree to sell and buy each other's commodity or products. So, under this system problems arise through the improbability or the demand of the wants, needs, or events that causes or motivates a transaction occurring at the same time and at the same place.
For example- A person exchanging his laptop with mobile phone in this case both party must be agreed upon the term and conditions of wants and exchange at the same time and at the same place.