Definition
Double coincidence of wants occurs when two parties each want what the other has.
Why It Matters
Its difficulty explains why money is needed instead of barter.
Example
A farmer wanting shoes and a shoemaker wanting food.
Economics Glossary – Malone Global University
Double coincidence of wants occurs when two parties each want what the other has.
Its difficulty explains why money is needed instead of barter.
A farmer wanting shoes and a shoemaker wanting food.