Ramu is a shoe manufacturer and he wants to directly exchange shoes for rice without the use of money. Now he will have to look for a rice growing farmer who not only wants to sell rice but also wants to buy the shoes in exchange.Analyse the information given above, considering one of the following correct option. A double coincidence of wants B good exchange with money C good exchange with goods D none of these

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In this situation, any exchange is yet to happen. But, we have found a coincidence where person A (Ramu) wants to sell shoes and needs rice and person B (farmer) who in turn wants to sell rice and needs shoes. This situation is defined as Double Coincidence of Wants (Option A) RAMU → Shoes →...
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In this situation, any exchange is yet to happen. But, we have found a coincidence where person A (Ramu) wants to sell shoes and needs rice and person B (farmer) who in turn wants to sell rice and needs shoes. This situation is defined as Double Coincidence of Wants (Option A)RAMU → Shoes → FarmerRAMU ← Rice ← Farmer read less
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Spanish language teacher with 2 years of experience

A
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Data Analytics & Advanced Statistics Tutor with 18 years of experience in teaching

Answer: C) good exchange with goods
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M.Tech IT preparing for civil services. 4 years teaching experience. 95+ score by students in boards

A) A double co incidence of wants.
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Igcse/icse/cbse maths teacher class 6-10 with 7yrs experience

double coincidence of wants
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Imagine Greatness. Learn to love to learn

Person A (Ramu) wants to sell shoes and needs rice and person B (farmer) who in turn wants to sell rice and needs shoes. This situation is defined as Double Coincidence of Wants (Option A) RAMU → Shoes → Farmer RAMU ← Rice ← Farmer
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A
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Tutor

A
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Yoga is a Lifestyle - Make it your own!

It's option C. Good exchange with good. That is the actual transaction that will occur.
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Experienced & certified Digital Marketer last more than 10 years

Answer is good exchange with goods
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