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How does money solve the problem of double conicidence of wants?

Posted by Kunal Tiwari 6 years, 4 months ago

CBSE > Class 10 > Science

2 answers

Aadya Singh ? 6 years, 4 months ago

Double coincidence of wants is an essential feature where goods are directly exchange without the use of money is also known as barter system .By serving as a medium of exchange money removes the need of double coincidence of want and the difficulties associated with barter system.

2Thank You

Saurabh Yadav 6 years, 4 months ago

It became the medium of exchange between goods

0Thank You

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