The number of ways to pick elements from two sets such that mutual ordering remains intact of both the sets.
For example:
Set 1:(a,b)
Set2:(c,d)
What I mean is a should come before b in any order you pick similarly c before d.
Number of ways is 6
{abcd,acdb,acbd,cabd,cadb,cdab}
In general, if the first ordered set has $m$ elements and the second $n$, then every such order is found by having $n+m$ places reserved and picking the $m$ places where the elements of the first set are going to go (in order). The remaining places get the second set elements (also in order).
Picking $m$ places from $n+m$ can be done in $\binom{n+m}{m}$ ways. Note that we could also pick the places for set $2$ first too, but this gives the same result as $\binom{n+m}{n} = \binom{n+m}{m}$.
In your case $n=m=2$ and indeed $\binom{4}{2} = \frac{4!}{2! 2!} = \frac{24}{4}=6$.