Double coincidence of wants means:

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

Matching of demand

Matching of supply

Matching one’s supply with another’s demand

All of the above

answer is C.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The double coincidence of wants means matching one's demand with another's supply.
If both parties agree to buy and sell each other commodities, respectively is a double coincidence of wants. It is the requisite of the barter system, which involves goods as a medium of exchange. The major drawback of this system is the exchange is not possible without the double coincidence of wants. Thus, it was later eliminated by money, which is widely accepted.

Watch 3-min video & get full concept clarity

tricks from toppers of Infinity Learn

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET