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What is the problems with barter?
Barter usually means to exchange goods for other goods. If you wanted to barter a pig, for instance, for a cow, both animals would need to be physically exchanged. Exchanging coinage is much easier, and allows the cow to be bought at a later date when the price may have fallen.
What are the similarities between barter and buyback and counter-trade?
Barter, buyback, and counter-trade all involve the exchange of goods or services without the use of traditional currency. In barter, direct trade occurs between parties, while buyback involves a seller agreeing to repurchase goods, often at a later date. Counter-trade encompasses various arrangements, including barter and buyback, where one party provides goods in exchange for receiving goods or services from another. All three methods facilitate international trade and economic transactions, especially in situations where cash is limited or unavailable.
How barter trade start in the Philippines?
Barter trade in the Philippines dates back to pre-colonial times, where indigenous communities engaged in the exchange of goods and services without the use of currency. It was a practical system rooted in the agricultural and fishing economies, allowing people to trade surplus products like rice, fish, and textiles for items they needed. The practice was further influenced by interactions with traders and explorers from neighboring regions, including China and Southeast Asia, enhancing the diversity of goods exchanged. Barter established foundational economic relationships that persisted even with the introduction of currency later on.
What is the difference between bartering and borrowing?
To barter is to exchange some thing for a different thing (for example, if you give me a potato, I'll give you an apple). To borrow is to take something on a temporary basis, that you agree to return later. If you lend me your hammer, I will return it tomorrow.
Why did the use of money help trade to grow in Greece?
For the Greeks used the money to help there trade to grow because the merchants where exchanging goods for money , to later sell them more expensive than they where.
What did the Phoenicians do?
They did a lot! One invention is the alphabet. Many people think that the Greeks did that, but really the Phoenicians did, and later, the Greeks adopted the Phoenicians alphabet and changed it. That's the alphabet we use today!
What was bastet's purpose?
Bast was a lioness warrior goddess of the sunin ancient Egyptian history, later being changed into the cat goddess Bastet, and later Greeks hanged her into a goddess of the moon.
What impacted did mycenaean civilization have on later Greeks?
Fortresses What political and ethic ideas did Greek philosophers make How did Mycenaen civilizations affect the later Greeks
Did the early Greeks use concrete?
No, the Greeks were using bricks to build. It was the Romans that later on discovered the concrete.
Why weren't the Minoans Greeks at first?
The Minoans were not Greeks, but their civilization was the first to arise in the region that later became Greece.
What did benjamain Harrison do before he was presidient?
He attended Farmers College (in Cincinnati), later practiced law, and later was in military service and then had a political career.
What did ancient greeks inherit from homer and then pass on to later civilizations?
The Iliad and the Odyssey.
What island was the cradle of an early civilization that later influenced Greeks on the mainland?
crete
Did kushites make coins?
The Kushites did not produce their own coins in the way that many other ancient civilizations did. Instead, they primarily used a barter system and traded using weights of precious metals. However, they did adopt and adapt the coinage of neighboring cultures, such as the Greeks and Egyptians, particularly during the later periods of their civilization. This adoption reflects their interactions and the influence of external trade.
What was the profession Mahathma gandhi practiced In his early years in South Africa?
Stretcher bearer and later lawyer
Which civilization do you think most influenced the Latins who settled Rome?
The Etruscans, and later the Greeks.
What is the name of the place the Greeks defeated Persians?
Battle of Salamis and later at the Battle of Plataea
