Practicing Success
What do you understand by the term "Double coincidence of wants"? |
Both parties agreeing to sell and buy each other's commodities Both the firms have agreed to produce similar commodities Both the private and public sectors have agreed to collaborate None of the above |
Both parties agreeing to sell and buy each other's commodities |
It is an economic phenomenon where two parties each hold an item that the other wants, so they exchange these items directly without any monetary medium. |