If money was absent in society, the main form of trade would be Barter.
Barter : Exchange (goods or services) for other goods or services without using money.
This still happens in the world today in some aboriginal/indigenous/minor groups.
what is it called the worlds trading curentcey
barter
Barter trade is a form of exchange, but without the use of currency. (Example: You could trade someone a pencil for a sheet of paper)
The use of money increases economic efficiency because without it, we would be a barter system. In a barter system, if I want potatoes, and have oranges to trade, the person with the potatoes has to want oranges to be willing to trade with me. With the use of money, I can give him a known amount of value in money, which he can buy what he wants to with.
Trade by barter is a system of trade whereby commodities are exchanged or traded upon without the use of medium of exchange i.e money. it is cumbersome as it entails double coincidence of wants.
The capitalist system or "market economy" uses trade. You earn money where you want and use it to buy what you want (trading money for goods). It is possible that the question is looking for an answer of a "barter economy" where people trade goods and services directly without the use of currency (I give you 1 cow for 5 sheep).
because the merchants where exchanging goods for money
people will trade and thing for money
No the Shawnee didn't have a form of money they would only trade skin or food or more thinks to change to trade.
The Aztecs used cocoa beans as their form of money to trade for goods.
To trade goods and have a form of currency that is used all over the country.
Barter trade is a form of exchange, but without the use of currency. (Example: You could trade someone a pencil for a sheet of paper)
The trade carried out in the Aztec empire was usually done by barter, or the exchange of goods without the use of money.
The trade carried out in the Aztec empire was usually done by barter, or the exchange of goods without the use of money.
In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.In the Roman empire barter meant the same as it means today--an even trade without the use of money.
I will tell you there word in Frensh, it's called "Troc" Means trading Object's only, no money.
The use of money increases economic efficiency because without it, we would be a barter system. In a barter system, if I want potatoes, and have oranges to trade, the person with the potatoes has to want oranges to be willing to trade with me. With the use of money, I can give him a known amount of value in money, which he can buy what he wants to with.
trade. they didnt use money.
Maya used cacao beans as a form of money, which were valued for their use in trade and as a form of currency. These cacao beans were also used in religious ceremonies and were a symbol of wealth and power in Maya society.