8.
What do you mean by lack of double coincidence of wants? How
introduction of money solved this problem?
9.
Which of the following sentence is not correct on globalisation?
a) India is putting importance on ‘Atmanirbhar Bharat'.
b) Swatch Bharat campaign is a positive step to boost foreign
investment.
c) Kia motors established it's manufacturing unit in India.
d) Indo-China border dispute.
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8
Answer:
Answer 8:Lack of double coincidence exists in barter exchange. It refers to the situation where the mutual wants of the buyer and seller are less likely to be fulfilled simultaneously. If the buyer's wants can be fulfilled by exchange but cannot provide what the seller wants, the exchange is unlikely to happen.
Money solves the problem of double coincidence of wants by acting as a medium of exchange. Double coincidence of wants implies a situation where two parties agree to sell and buy each other's commodities., i.e., what one party desires to sell is exactly what the other party wishes to buy.
Answer 9:b) Swatch Bharat campaign is a positive step to boost foreign
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