Meaning double coincidence of wants
What does double coincidence of wants mean? Here you find 2 meanings of the word double coincidence of wants. You can also add a definition of double coincidence of wants yourself
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double coincidence of wantsThe requirements of a barter exchange that each trader has want the other wants and wants what the other has. Because everyone doesn't necessarily want everything, the lack of double coincidence [..]
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double coincidence of wantsphrasing from Jevons (1893). "[T]he first difficulty in barter is to find two persons whose disposable possessions mutually suit each other's wants. There may be many people wanting, and [..]
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