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What is the exchange of goods without using money?
This is called the barter system.
What is bartering and whicxh economic system uses bartering to trade goods?
Bartering is the exchange of goods and services directly for other goods and services without the use of money. This system relies on mutual agreement of value between the parties involved. Bartering is often associated with traditional or subsistence economies, where cash is scarce or unavailable, and is primarily used in local or community-based transactions.
What is the term for trade that is based on the exchange of goods rather than for money?
This is known as bartering.
What is Concept of money and measures of money supply?
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.
What was this system of exchanging goods called?
bartering
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 is bartering and whicxh economic system uses bartering to trade goods?
Bartering is the exchange of goods and services directly for other goods and services without the use of money. This system relies on mutual agreement of value between the parties involved. Bartering is often associated with traditional or subsistence economies, where cash is scarce or unavailable, and is primarily used in local or community-based transactions.
What existed before money?
bartering
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 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.
What is the term for trade that is based on the exchange of goods rather than for money?
This is known as 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.
