UrbanPro

Take Class 10 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

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

Asked by Last Modified  

Follow 55
Answer

Please enter your answer

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 →...
read more

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 → Farmer
 RAMU ← Rice ← Farmer

read less
1 Comments

Spanish language teacher with 2 years of experience

A
2 Comments

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

Answer: C) good exchange with goods
1 Comments

Igcse/icse/cbse maths teacher class 6-10 with 7yrs experience

double coincidence of wants
Comments

M.Tech IT preparing for civil services. 4 years teaching experience. 95+ score by students in boards

A) A double co incidence of wants.
Comments

Tutor

A
Comments

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
Comments

Yoga is a Lifestyle - Make it your own!

It's option C. Good exchange with good. That is the actual transaction that will occur.
1 Comments

A
Comments

A. Here double coincidence of wants can be seen which existed in barter exchange system earlier. It is the topic of class 10th RBSE, ECONOMICS
Comments

View 32 more Answers

Related Questions

Distinguish between foreign trade and domestic trade?
Foreign trade means when our home country transfers good from home country to foreign... And vice versa
Renu
0 0
7
Is education is necessary in formation of human capital?
Yes the skills and education determines the value of human capital.
Rayangowda
0 0
8
Why we considered people as a resource?
becuaPeople are considered to be a resource because they give resource value to all other resourcesse
Manjunath
0 0
9
What is the difference between a Demand draft and a Cheque?
DD- transfer of money, it is issued by a bank and it is only a payable method,cannot be dishonored, need signature. Cheque - issued by an individual person, not only a payable method, can be dishonoured, does not need signature
Milan
0 0
5
How does local or domestic companies get help from MNC's?
Local and domestic companies may cater to local or national or even international customers. MNCs help them tap the market with precise geography. MNCs also give a fair idea of competition and opportunities...
Tarun
0 0
6

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Outcomes of Democracy:Class 10: Social Science : Civics
Democracy is a better form of government when compared with dictatorship or any other alternative because of its below mentioned features : 1. Promotes equality among citizens;2. Enhances the dignity...

Best way to learn social sciences
In effort to learn social sciences the biggest hurdle comes in between is the dates and the works of some people who wasn't that known to us before they appeared in our syllabus, So the best way should...

Shubham Mehra

0 0
0

Recommended Articles

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 10 Tuition Classes?

The best tutors for Class 10 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 10 Tuition with the Best Tutors

The best Tutors for Class 10 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more