Social Sciences, asked by rosica2828, 1 year ago

Describe how money solve problems present in barater system

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Answered by uttamprakash712

Money overcomes the problem of barter system by replacing the C-C economy with monetary economy (where 'C stands for commodity). (i) In the barter system, there was a problem of double coincidence of wants. ... Thus, money was invented to overcome the problem of double . coincidence of wants.

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