How does the use of money make it easier to exchange thinghs?give one example
Answers
Answered by
2
It helps to eliminate double coincidence of goods.For eg: a farmer who needs a shoe can sell his wheat for money.With this money, he can buy shoes.But in case of double coincidence of needs, he wants to find a person who is ready to buy his wheat and sell his shoes.
Answered by
0
Double coincidence of wants between a farmer growing wheat and a shoe seller.
The farmer needs shoes and has to find a shoe seller who not only sells shoes but also is in the need of wheat.
This value can be opted in all examples.
The farmer needs shoes and has to find a shoe seller who not only sells shoes but also is in the need of wheat.
This value can be opted in all examples.
Similar questions