Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

"What a person desires to sell is exactly what the other wishes to buy." According to you, which of the following options link to the above statement?

Options:

Single co-incidence of wants

Double co-incidence of wants

Tripple co-incidence of wants

None of the above

Correct Answer:

Double co-incidence of wants

Explanation:

Double co-incidence of wants 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. What a person desires to sell is exactly what the other wishes to buy.