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Bartering
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∙ 14y ago
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Wii trade in?
There are many different things you can trade your Wii in for. You can trade this system in for another system or for money.
What replaced gatt?
The World Trade Orginization replaced the failed GATT program of the Bretton-Woods System
The barter system is a system of trade that operates without?
money
What system of trade did money replace?
Barter
Does th choctaw people have a money or barter system?
they had a barter system. they didn't have money, just trade goods,
How would a standard system of money and measurement help trade?
,
What was Egypt's economy based upon considering they did not have a system of money?
Trade.
Why was it so important to have a standard system of money in Ancient China?
so at trade they can have a money everyone wants
Which type of trade replaced slave trade?
After the trans-Atlantic slave trade was declared illegal and later eliminated, it was replaced by legitimate trade (non-slave trade).
What forms of trade replaced the slave trade in west Africa?
peanuts , timber, hides, and palm oil replaced the slave trade in west africa.
What is it when people traded goods?
A trade, an exchange, or barter. An economic system which operates without money is called a barter system.
Why does the use of money contribute to economic efficiency?
The use of money increases economic efficiency because without it, we would be a barter system. In a barter system, if I want potatoes, and have oranges to trade, the person with the potatoes has to want oranges to be willing to trade with me. With the use of money, I can give him a known amount of value in money, which he can buy what he wants to with.
