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When one person wants to buy exactly what the other person wants to sell, it is known as ____ of wants.

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Detailed Solution

When one person wants to buy exactly what the other person wants to sell, it is a double coincidence of wants.
It is commonly associated with the barter system. In the barter system, two or more people exchange goods without money. In this system, when one person wants to buy exactly what the other person wants to sell, it is known as a "double coincidence of wants." It is undoubtedly beneficial in some instances. However, this situation is impossible whenever a person wants to sell something. Thus, it was the most significant disadvantage of the barter system.

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When one person wants to buy exactly what the other person wants to sell, it is known as ____ of wants.