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How does money solve the problem of double coincidence of wants ? Explain with an example of your own.

Posted by Deepshaan Islam 3 years, 10 months ago

CBSE > Class 10 > Social Science

1 answers

Khushi Kulshrestha 3 years, 10 months ago

Basically in ancient time log barter system ka use krte the to us me kya tha ki agr aap shoes ke badle rice lena chahte ho to aap ko koi esa person dhundna padega jo shoes ke badle rice de to is me aap ko mehnat krni pdti thi us person ko dhundne me leki jab se money aya h tab se aap ko kisi person ko nhi dhundhana padega jo shoe ke badle rice de aap bus money do or rice lelo . So is tarike se we can say that money solves the problem of double coincident.

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CBSE > Class 10 > Social Science