Question

How do money solve the problum of

double coinvudencelnte Explain

with an example.

Answer 1

Answer:

>>>The situation in which both the parties have to agree to buy and sell each other commodities is called double coincidence of wants.

FOR EXAMPLE :

• The shoemaker wants to buy wheat and the farmer wants to buy shoes then they both can exchange their commodities

Answer 2

$\huge\red{Answer}$

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☆☞ [ Verified answer ]☜☆

Double Coincidence of Wants is an essential feature in a barter system, where goods are directly exchanged without the use of money. However, in an economy using money as a medium of exchange, eliminates this by providing the crucial intermediate step.

FOR EXAMPLE :---

The shoemaker wants to buy wheat and the farmer wants to buy shoes then they both can exchange their commodities.

jai siya ram☺ __/\__

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