| 单词 | coincidence of wants |
| 释义 | coincidence of wants The condition for a barter transaction to be agreed upon. In the absence of money, if I want to trade a sheep for a goat, I have to find somebody willing to trade a goat for a sheep. The inconvenience of this led to the rise of professional traders, acquiring goods they did not want for themselves but could exchange again, and to the use of money as a medium of exchange. |
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