Social Sciences, asked by garvit09, 5 months ago

how does many solve the problem of double coincidence of wants? explain with an example of your own

Answers

Answered by pushpendrayadav12009

1

Answer:

Money

Explanation:

Money solves the problem of double coincidence of wants by acting as a medium of exchange. ... For example, if an ice-cream vendor wants a bicycle but the bicycle manufacturer wants clothes, and not ice-creams, then the vendor can use money to obtain a bicycle.

Answered by ammukutti76

1

Answer:

Money solves the problem of double coincidence of wants by acting as a medium of exchange. ... For example, if an ice-cream vendor wants a bicycle but the bicycle manufacturer wants clothes, and not ice-creams, then the vendor can use money to obtain a bicycle.

Explanation:

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