When people meet to exchange one type of good for another, they both must want what the other is offering in exchange. Let's say that I have six chickens, and you have three sacks of flour. I really need and want your three sacks of flour, but you do not have a need for six chickens. You want two chickens, and a bushel of apples. This exchange would not be successful because we do not have an equal offering of our wants and needs.
Money solves a lack of double coincidence of want,
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.
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.
Short comings of barter system: 1.Lack of double coincidence of wants of exchange: Suppose a person possesses wheat and want to exchange it for rice,then he has to find a person who not only have rice but also wants wheats.But it is a rare possibility. 2. Lack of common measure of value: Even if two persons meet by coincidence who want ech others good by coincidence,the problem arises as to the prportion in hich the two goods should be exchanged. 3.Lack of divisibility 4.problem of storing wealth.
It was quite a coincidence!
There is no saint of coincidence in the Catholic Church.
There is not a Biblical meaning behind seeing double and triple numbers. Although it may not feel like it, it is just a coincidence.
For example; the supplier of good A wants good B and the supplier of good B wants good A.
A double coincidence of wants meaning both parties wish to exchange what each other needs.
a double coincidence of wants ability's to make what the other wants
coincidence is a punishment that is made by you choice
The Roots of Coincidence was created in 1972.
Chance or Coincidence was created in 1998.
Coincidence is when two or more events happen apparently by mere chance. For example, it would be a coincidence if you went on vacation and your neighbor was there.
there must be a double coincidence of wants, and the elements of the desired trade must be of equal value.
Our meeting is quite a happy coincidence.
An anthropic coincidence is a coincidence in the known physical constraints within this world, the result of which means that life without it would be impossible.
i went to the shop to buy a book.it fell down .it was a coincidence. i went to the shop to buy a book.it fell down .it was a coincidence.
XNOR gate is called coincidence gate
The Braindance Coincidence was created on 2001-04-02.
Coincidence vs Fate was created in 1993.
An apparent coincidence that very likely isn't a coincidence at all.