Which system is good.., DOUBLE COINCIDENCE …

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Which system is good.., DOUBLE COINCIDENCE OF WANT {or} MONEY ?.???

Posted by ?? ? 5 years, 4 months ago

CBSE > Class 10 > Social Science

2 answers

Sanika Walimbe 5 years, 4 months ago

Of course money...

2Thank You

Gaurav Seth 5 years, 4 months ago

A shoe manufacturer wants to sell shoes in the market and buy wheat. The shoe manufacturer
will first exchange shoes that he had produced for money, and then exchange the money for wheat. Imagine how difficult it would be if the shoe manufacturer had to directly exchange shoes for wheat without using money. He would have to look for a wheat growing farmer, who not only wants to sell wheat but also wants to buy the shoes in exchange. That is, both parties have to agree to sell and buy each other’s commodities. This is known as double coincidence of wants.

2Thank You

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