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No. A barter economy is less efficient than the current system. A barter system relies on individuals having a double coincidence of wants where each person wants the exact opposite thing that someone else is willing to sell at that particular time. So, people who needed certain things that weren't on the market were out of luck.
Also, the barter economy has a flaw in the indivisibility of products. This means certain large expensive items such as tractors were not able to be divided equally to make necessary exchanges for smaller ticket items.
The present money economy makes trade more efficient.
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What is a money economy?
It is an economy where people use currency rather than barter to buy and sell goods.
A barter economy is?
an economic system based on exchanging goods instead of money.
Why did the Greeks switch from the traditional barter economy to a money economy?
what happened was they had so many hoes twerking in strip clubs they had to give them something and they couldn't barter while they were twerking so they created pornography
What involves the direct exchange of goods and services without the use of money as a. Medium of exchange?
Barter system
What would be a reasonable monetary policy for an economy in a recession?
The problem with this is that reason is subjective. So whatever answer you get for this may change. And my answer is purely what I think should occur, but it may not be realistic: I would think barter is is a good monetary policy for an economy in a recession, as well as heavy taxation of the rich (25% and over), because the problem with selling things in a recession is that people may or may not have the money for what you're offering, but they want it. So they can barter with you for it. You can in turn trade in these goods to a bank for money. It's a merger between barter and actual money.
What is an money economy?
an economic economy based on money exchange rather than barter
What did egyptian slaves do for money?
There was no money in ancient Egypt the whole economy was run on barter.
What is a money economy?
It is an economy where people use currency rather than barter to buy and sell goods.
A barter economy is?
an economic system based on exchanging goods instead of money.
Why did the Greeks switch from the traditional barter economy to a money economy?
what happened was they had so many hoes twerking in strip clubs they had to give them something and they couldn't barter while they were twerking so they created pornography
Why can't we trade what we can do or have for other things instead of using money?
Money is much more efficient than the barter system because then items can be exchanged for their exact worth.
What involves the direct exchange of goods and services without the use of money as a. Medium of exchange?
Barter system
What would be a reasonable monetary policy for an economy in a recession?
The problem with this is that reason is subjective. So whatever answer you get for this may change. And my answer is purely what I think should occur, but it may not be realistic: I would think barter is is a good monetary policy for an economy in a recession, as well as heavy taxation of the rich (25% and over), because the problem with selling things in a recession is that people may or may not have the money for what you're offering, but they want it. So they can barter with you for it. You can in turn trade in these goods to a bank for money. It's a merger between barter and actual money.
Does th choctaw people have a money or barter system?
they had a barter system. they didn't have money, just trade goods,
Goods and services are exchanged without the use of money in which system?
Barter
Which form of exchange is used in simple societies and not involve money?
Barter
Why was the barter system popular in early history?
Simply, the barter system was common because the concept of money had not yet been invented. In a world without money, there are only two ways to acquire resources: (1) expend your own energy to find them or fashion them into something useful or (2) trade what you have for what someone else has. The second choice was far better since it allowed people to make large quantities of a single resource and exchange it for other things that person needed.As soon as money comes onto the scene, the economy shifts away from barter and towards moneyed transactions. Almost no monetary economy has a large barter sector.
