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How are money and barter and money alike and different

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10y ago
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13y ago

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.

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Q: What is the same about the money system and the bartering system?
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Related questions

Money replaced what system of trade?

Bartering


What is the exchange of goods without using money?

This is called the barter system.


In societies before money was invented what system did they use?

bartering


What is the system that had goods and services exchanged before the development of money?

The "Barter" or "Bartering" system.


Since Egyptians had no money how did they puchase goods?

they used a bartering system


What is an economic system in which people exchange goods without using money?

Bartering


What existed before money?

bartering


What was Egypt's bartering system?

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.


Why do people have money?

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.


What is the term for trade that is based on the exchange of goods rather than for money?

This is known as bartering.


What was this system of exchanging goods called?

bartering


Did money originate from 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.