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Why is bartering inefficient?
Barter is an inefficient means of exchange because
What is an antonym of command economy?
well here is an example. Tamica and Myracle have acontrol over an economy that means an antonym for command economy is dosent have contro
What problems does barter have as a means of exchange?
the person you are barteing with could be selling a fake or you could negociate a rip off
What word means to give something in return for something else?
The word you may be looking for is "trade" or "barter," perhaps even "exchange."
Barter economy is more efficient than present money economy?
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.
Why is bartering inefficient?
Barter is an inefficient means of exchange because
Does Sudan have a command economy?
It has a dictator. That means that it may have a command economy or planned economy or centralized economy (they all mena the same thing).
How were goods and services trade by barter?
Barter is a currencyless system, which means goods and srevices were paid by other goods or sevrices. For example traiding 4 cigarettes for a can of beer would be a barter exchange.
What is an antonym of command economy?
well here is an example. Tamica and Myracle have acontrol over an economy that means an antonym for command economy is dosent have contro
What problems does barter have as a means of exchange?
the person you are barteing with could be selling a fake or you could negociate a rip off
In ancient time coins made from gold silver gradually replaced which commonly used means of exchange in commerce?
Barter
Command economy in a sentence?
India has a commanded economy under the new prime minister. It means the country has economy in its hands.
What kind of money was used in 1550?
It was a trade society at that time. Few actually had coin of the realm and barter was the accepted means of exchange.
What word means to give something in return for something else?
The word you may be looking for is "trade" or "barter," perhaps even "exchange."
What country has began a slow change from a command economy to a market economy in the 1990s?
i think its means Rwanda
Barter economy is more efficient than present money economy?
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.
A system in which all the means of production are owned and controlled by the government is known as?
A command economy :)
