Question

How does money solve the problem of double coincidence of wants.give example.class 10 economics
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Answer 1

Money solves the problem of double coincidence of wants by acting as an intermediate in the exchange process.

For example,A shoe manufacturer will not have to look for a farmer who is interested in buying his shoes.He would simply look for a person interested in the shoes and by the money which he gets from selling those shoes,he can exchange it for any commodity of his choice.