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Yes, but it would have to be highly localized and based on barter.
As soon as you introduce a common means of exchange - like money - you need systems to manage it. That complexity has a great many benefits, such as the wider availability of a greater variety of goods and the ability to travel widely and still secure services and acquire goods, both of which are very challenging under a barter economy.
The alternative, espoused by some, is a Common Good economy. This unrealistic economy is based on the supposed human drive to work and contribute to society and in return you have free access to any goods and services you want or need. It presumes that all functions in the economy would still get performed by willing volunteers and that consumption would never out pace supply. Attempts at this system have been communist, socialist, or marxist economies, and have not been shown to function well.
What else can I help you with?
Which statement is most accurate about the economy of the US during the 1970s and early 1980s?
Question is incomplete. No answer possible without more details.
Is not one of the basic economic systems?
One of the basic economic systems is not typically recognized as "gift economy." While traditional systems like capitalism, socialism, and communism are well-defined, a gift economy relies on the voluntary exchange of goods and services without explicit agreements for future rewards. This system emphasizes community and social bonds rather than profit, but it lacks the structured approach of the recognized economic systems.
Can a country achieve economic growth without development?
They are proportional to each other. When there is economic growth there will be development also.
What are the reason of economic crisis the main reason of world economy crisis was the sub prime loan given by the American bank without well evaluate the financial condition of the people?
Did you just answer your own question?
How credit derivatives take part in global crisis?
Credit derivatives, such as credit default swaps, can amplify financial crises by allowing institutions to take on excessive risk without fully understanding their exposure. During the 2008 financial crisis, these instruments contributed to the collapse of major financial institutions, as they were often used to insure against defaults on mortgage-backed securities. The lack of transparency and regulation in the credit derivatives market further exacerbated the crisis, leading to a loss of investor confidence and a systemic downturn in the global economy. Ultimately, their misuse highlighted the interconnectedness of global financial systems and the potential for localized failures to trigger widespread turmoil.
How will a country function without financial systems?
A country would struggle to function without financial systems as these systems are essential for facilitating transactions, managing currency, facilitating trade, and providing access to credit. Without financial systems, it would be difficult for individuals and businesses to engage in economic activity, leading to a breakdown in economic growth and development.
Would northern Ireland function without Britain's help?
Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.Britain provides major financial support to Northern Ireland and access to other supports and systems, and so it would find it difficult for it to function without them.
Can you live without any of your systems?
No. I don't think it's possible.
Is it possible to prepare financial statements without the help of trial balance under accounting for incomplete records?
no
Can a person under 18 get a car loan without a co-signer?
No, it is not possible for an underaged person to enter into a financial contract with or without a cosigner.
Is it possible to obtain a cashier's check without having a bank account?
Yes, it is possible to obtain a cashier's check without having a bank account by paying for the check with cash at a bank or financial institution.
Which statement is most accurate about the economy of the US during the 1970s and early 1980s?
Question is incomplete. No answer possible without more details.
Is not one of the basic economic systems?
One of the basic economic systems is not typically recognized as "gift economy." While traditional systems like capitalism, socialism, and communism are well-defined, a gift economy relies on the voluntary exchange of goods and services without explicit agreements for future rewards. This system emphasizes community and social bonds rather than profit, but it lacks the structured approach of the recognized economic systems.
Get a bad credit personal loan without a bank account?
It's possible to get a loan like this, but it's not usually the best financial decision.
Could great depression return to the US due the recent economy downturn?
Sure. Without proper oversight of banks and other financial institutions it can always happen.
Why are banks necessary?
Banks are the financial intermediaries of the economy. Without them there will be no financial prosperity. Banks accept deposits from people who have surplus and lend out loans to people who need the money. They offer other services like bank accounts, credit cards etc.
What is the need of a bank?
Banks are the financial intermediaries of the economy. Without them there will be no financial prosperity. Banks accept deposits from people who have surplus and lend out loans to people who need the money. They offer other services like bank accounts, credit cards etc.
