how is double coincidence of want not appreciable in the contemporary scenario
Answers
Answer:
Because previously people used barter system in which very rarely people used to get the double coincidence of wants as they didn’t have any medium of exchange but nowadays we are using paper notes and coins which are legal for every individual of a country as the government of the country makes it and the paper notes work as a medium of exchange.
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Explanation:
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Answer:
the double coincidence of the requirements is that the person who wants to sale the item needs another person and the another person has the option to sale it which is the first person to be required. This rare situation of double coincidentalities of the requirements for exchange in the barter system was inevitable. this is not possible in the contemporary scenario because now a days money is the main source of exchange of goods therefore it is not possible
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