Social Sciences, asked by dhawanvansh2004, 1 month ago

how does money solve the problem of double coincidence of wants?explain with example of your own .

Answers

Answered by arshmeetkaur031

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.

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