Question

how does money solve the problem of double coincidence of wants explain with an example of your own​

Answer 1

Answer:

Money solves the problem of double coincidence of wants by acting as a medium of exchange. Double coincidence of wants implies a situation where two parties agree to sell and buy each other's commodities., i.e., what one party desires to sell is exactly what the other party wishes to buy

Explanation:

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Answer 2

Answer:

Money can be exchanged for any kind of commodity of one choice or need. It becomes easier to buy and sell good and services with money to make transaction.

In a barter system two parties are required who are ready to sell and buy each other commodity this is called double coincidence of wants. With the help of money one can buy a community of his choice when ever he so desire