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How did shift from a barter system to a money system change medieval Europe's economy?
It allows for a standard cost pricing to be established on goods and services and the regulation of that pricing. since you got money you could pay your taxes, if you paid your taxes you wouldn't have to serve in the army. you could also buy and sell property
What else can I help you with?
How can the terms barter and money economy be used to describe the change in the Lydian economy?
The Lydian economy transitioned from a barter system, where goods and services were exchanged directly, to a money economy characterized by the introduction of coinage. This shift facilitated more efficient trade by providing a standardized medium of exchange, reducing the complexities and limitations of barter. The use of coins allowed for greater ease in transactions and contributed to the growth of commerce and economic stability in Lydia. Ultimately, this transformation marked a significant advancement in economic practices, laying the groundwork for future monetary systems.
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.
Why did the American economy change from a producer durable goods economy to a consumer durable goods economy?
yes
How did the economy change after 911?
badly
How did southern economy change after reconstruction?
The South had developed a more balanced economy after Reconstruction
How can the terms barter and money economy be used to describe the change in the Lydian economy?
The Lydian economy transitioned from a barter system, where goods and services were exchanged directly, to a money economy characterized by the introduction of coinage. This shift facilitated more efficient trade by providing a standardized medium of exchange, reducing the complexities and limitations of barter. The use of coins allowed for greater ease in transactions and contributed to the growth of commerce and economic stability in Lydia. Ultimately, this transformation marked a significant advancement in economic practices, laying the groundwork for future monetary systems.
What did the use of coins in the Persian Empire resulted in?
increased trade and an easier method of payment, a change from the barter method to amoney economy occured, a standardization of prices and payments throughout the land.
What is synonyms of exchange?
interchange, change, trade, switch, swap, barter
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.
Why did attitudes toward Jews change in medieval?
In medieval times, Jews were utterly mistreated.
How did art change in medieval times?
Art did change in the Medieval times because of the emergence of the early Renaissance period.
Why did attitudes toward jews change in medieval europe?
In medieval times, Jews were utterly mistreated.
What was the problem that Russia was facing when Stalin realized that the economy needed to change?
Economy needed to change.
How did the economy change of the south?
the
Why did the American economy change from a producer durable goods economy to a consumer durable goods economy?
yes
How do you change classes in chivalry medieval warfare?
I do believe that you press m to change class and n to change teams.
The change from an agriculture based economy to an industry based economy is called?
industrialization
