How does money solve the problem …

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How does money solve the problem of double coincidence of wants ?? with example?? Please explain ??

Posted by Anshika / U Can Call Me Alien ????? 6 years, 10 months ago

CBSE > Class 10 > Social Science

1 answers

Siddharth Singh 6 years, 10 months ago

Money solve the problem of double coincidence of wants by acting as a medium of exchange. A person can directly exchange his goods with anyone in return of money and can buy the services which he needs. For example a wheat seller has to search for a buyer who can buy his goods in return of money and the wheat seller can exchange for any service he needs with the help of money.

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