____ of wants refers to the simultaneous fulfillment of mutual wants of buyers and sellers.
Fill in the blanks:
____ of wants refers to the simultaneous fulfillment of mutual wants of buyers and sellers.
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Double coincidence of wants refers to the simultaneous fulfillment of mutual wants of buyers and sellers.
Explanation:-
Double coincidence of wants refers to the mutual wants of buyers and sellers at the same time.
For example:-
A wants to sell his shoes and, wants to purchase wheat and B wants to purchase shoes and wants to sell his wheat.
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