how does money make exchange of things easier? Explain with examples.
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Money eliminates double coincidence of wants and barter system of money as in older times.
It is very easy to buy anything with money and transaction becomes easy
It is very easy to buy anything with money and transaction becomes easy
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Using money we can easily buy goods.
It reduces the problem of double coincidence of wants. It reduces the time taken in figuring out the right member to exchange goods with.
Ex if a person wants shoes in exchange to rice but the second person doesn't rice it creates a problem
It reduces the problem of double coincidence of wants. It reduces the time taken in figuring out the right member to exchange goods with.
Ex if a person wants shoes in exchange to rice but the second person doesn't rice it creates a problem
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