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Yes many countries are using barter system till now.Those countries are given below............
1- Argentina 2-Ausralia 3-Brazil 4-Canada 5-China 6-France 7-Germany
8-Hong Kong 9-India 10-Indoneshia 11-Italy 12-Japan 13-Malaysia
14-Mexico 15-New Zealand 16-Philpines 17-Quebec 18-Singapore
19-South Korea 20-Spain 21-Taiwan 22-Thailand 23-United Kingdom
24-United States 25-VIetnam 26-en Espanol
Regard by HASAN RAZA Haile College of Commerce University of The Punjab
What else can I help you with?
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.
Why to study perfect competition if it does not exist in the real world?
By studying perfect competition, we can learn how much an ideally functioning market system might accomplish and we can compare it to real world market structures.
Does perfect competition market exist in the market world?
Check
Aim and objective of the world?
An inanimate object such as the world can have no aims. If it had one it would be simply 'to exist'.
Can there be a world without money?
There used to be a world without money. Before there was money the world existed on a barter system, where people only traded raw or processed goods for other raw or processed goods. The advent of money was to increase the ease of trade. The worth of money is arbitrary in the sense that it can be commodified and be influenced by the principles of supply and demand. When a currency no longer has value especially when plagued with huge rates of inflation, barter becomes a more valuable tool for exchange. In the industrialized world the advent of credit could also be a point where money could become obsolete. The abolition of paper money is probably no likely because of the principle of path dependence. A large part of the world is acclimated to the idea of an economy based on the transaction of money, or transactions based off the promise of money that there would be a lot of costs in order to change the system. The abolition of money is also not likely because the advent of credit is only applicable when there is an abundance of systems of information technology, which only the industrialized world possesses while most of the world does not have the capacity for such technology.
What are the difficultes of barter system?
what is the difficultes of barter system in world economy
How economic world history?
economic world today is just like a barter system.
What does Sara Teadales 'Barter' urge the reader to recognize?
The beauty that exists in the world.
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.
When was In My Little Corner of the World created?
In My Little Corner of the World was created in 1974.
When was My Little Corner of the World created?
My Little Corner of the World was created in 1960.
What would the world be like without money?
Without money the world would have been dominated by barter trade
Do you exist in the world?
Yes, I exist in this world.
What is god and where it is actually exist?
god is no where it is the belief of individual to have the blind faith on the god. God is seeing each and everything that is existing in the world. He is the creater of this whole universe. God doesnot exist anywhere but with the help of his powers he is present at every corner of the universe.
When was At the Jazz Corner of the World created?
At the Jazz Corner of the World was created on 1959-04-15.
When was Meet You at the Jazz Corner of the World created?
Meet You at the Jazz Corner of the World was created in 1960.
What was Wicked Corner in World War 1?
a bad corner
