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

Explanation:

Money solve the problem of double coincidence of wants by acting as a medium of exchange double coincidence of wants simple as a situation where two parties agreed to sell and buy each other properties example what one party desire to sell is exactly what the other party wishes to buy.