1.

How does money solve the problem of double coincidence of wants

Answer»

Heya dear....


The PROBLEMS which faced during of double coincidence...are The problem is caused by the improbability of the wants, needs, or EVENTS that CAUSE or motivate a TRANSACTION occurring at the same time and the same place. ... Besides barter, other kinds of in-kind transactions also suffer from the coincidence of wants problem in the ABSENCE of a medium of exchange.



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