Social Sciences, asked by harshithroyalzz, 6 months ago

How does money solve the problem of double coincidence of wants? Explain with an example of your own​

Answers

Answered by YouTubeMrAlex
1

Explanation:

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Answered by siddh4552
2

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.

Hope it helps you dear

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