How does money solve the problem of double coincidence of want ? explain with an example.
Answers
Answered by
1
... A person holding money can easily exchange it for any commodity or service that he or she might want. For example: It is no longer necessary for the shoemaker to look for a farmer who will buy this shoes and at the same time sell him rice.
Answered by
1
Answer:
How does money solve the problem of double coincidence of wants ? ... A person holding money can easily exchange it for any commodity or service that he or she might want. For example: It is no longer necessary for the shoemaker to look for a farmer who will buy this shoes and at the same time sell him rice.
Explanation:
Similar questions