Social Sciences, asked by kptamilselvam, 4 months ago

how does money solve the problem of double coincident of wants explain with example?

Answers

Answered by totakuraveerabhadrao

3

Answer:

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.

Explanation:

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Answered by MoonxDust

1

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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