When you are saving money to buy something you want, you are trying to work really hard just to get that money to buy it with; however if you have the money but you decide not to buy that item, that it how you get over the coincidence of what you want.
For example; the supplier of good A wants good B and the supplier of good B wants good A.
It means the creditor wants its money and will pursue you in order that you pay that loan.It means the creditor wants its money and will pursue you in order that you pay that loan.It means the creditor wants its money and will pursue you in order that you pay that loan.It means the creditor wants its money and will pursue you in order that you pay that loan.
Yes.
as the richest man in the world he can do whatevr he wants. But he gives alot to charity.
unlimited is controlled mainly by amount of money RBI wants to be there in market. gold standard is gone. money is printed by taking in account of supply and inflation.
The double coincidence of wants is one of the major part of the Barter System.The two basic terms actually don't have any specific difference.
For example; the supplier of good A wants good B and the supplier of good B wants good A.
poor economics development,limited exchange and low production are 3 factors needed fr barter
Trade by barter is a system of trade whereby commodities are exchanged or traded upon without the use of medium of exchange i.e money. it is cumbersome as it entails double coincidence of wants.
It can be used to compare the value of different products.
There must be a dual coincidence of wants.
Demerits of the barter system include the lack of common unit value and lack of system for storage of value or purchasing power. It is inefficient and has a lack of double coincidence of wants.
A double coincidence of wants meaning both parties wish to exchange what each other needs.
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