Answer:
Double
Coincidence of Wants is an essential feature in a barter system, where goods
are directly exchanged without the use of money. However, in an economy using
money as a medium of exchange, it eliminates this by providing the crucial
intermediate step.
For example, it is not necessary for a shoemaker to look for a farmer who
will buy shoes made by him and at the same time, sell rice to him. All he has
to do is to find a buyer for his shoes, who will pay him money for them.
With this money he can purchase rice or any other commodity
available in the market.
You need to login to perform this action.
You will be redirected in
3 sec
