Is money a suitable substitute for trade?

Answer 1

Money is a suitable substitute for trade as it serves as a medium of exchange, facilitating transactions between parties without the need for bartering goods directly. It provides a standardized measure of value, making it easier to compare and assess the worth of different items. Additionally, money enhances efficiency by eliminating the complications associated with finding mutual wants in direct trade. However, while it simplifies transactions, it does not replace the fundamental necessity of trade itself, which involves the exchange of goods and services.