MCQ
Read the information given below and select the correct option
Ram who is a pot manufacturer wants to sell pots in the market and buy rice. Ram will first exchange pots that he has produced for money, and then exchange the money for rice. He would have to look for a rice growing farmer who not only wants to sell rice but also wants to buy the pots in exchange. That is, both parties have to agree to sell and buy each others commodities. In the given statement which situation is mentioned?
Ram who is a pot manufacturer wants to sell pots in the market and buy rice. Ram will first exchange pots that he has produced for money, and then exchange the money for rice. He would have to look for a rice growing farmer who not only wants to sell rice but also wants to buy the pots in exchange. That is, both parties have to agree to sell and buy each others commodities. In the given statement which situation is mentioned?
- ACorrelation of wants
- ✓Double coincidence of wants
- CBarter system of wants
- DIncidence of wants