highlight the inherent problem of double coincidence of wants
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Answer:
The inherent problem in Double Coincidence of Want is that one has to spend a lot of time searching for a person ready to exchange goods.
Explanation:
The problem of double coincidence of wants arises when there is no medium of exchange. In such a case the buyer has to make a search for the seller who also wants to buy the same good which the buyers itself offers for exchange. Money has solved the problem by working as a medium of exchange.
Answered by
1
Answer:
The inherent problem in Double Coincidence of Want is that one has to spend a lot of time searching for a person ready to exchange goods.
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