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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
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
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