How are money and barter and money alike and different
1 Both are market/trade activity of exchange of goods/services of value by satisfaction of wants by the seller & buyer. 2. The value of goods & services are determined.
This is called the barter system.
This is known as bartering.
bartering
Money simply exists as a bartering system. A monetary value is placed on a commodity or service and is obtained by paying the correct amount of money. The term "money supply" simply refers to the amount of money, or assets, available in any economic system.
Bartering
Bartering
This is called the barter system.
bartering
The "Barter" or "Bartering" system.
they used a bartering system
Bartering
bartering
Bartering is the exchange of goods or services for other goods or services, without money. E.g. I will cut your hair if you give me two books.It was no different in Ancient Egypt prior to the invention of currency.
Because there is such a thing as greed.AnswerMoney is a transferable method of bartering. You could offer a service or an item in return for the same, but money is easier to manage.
This is known as bartering.
bartering
Money was first introduced in bartering economies as a store of value, but its introduction quickly ended the practice of bartering since the benefit of having a fungible item used as a marker of value became obvious quickly.