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Wiki User
∙ 12y agoNo. Barter System was one of the ancient ways of exchange of goods and services. Nowadays cash and currency has replaced the barter system. People usually pay for goods and services in money.
Wiki User
∙ 11y agoIn school, I've learned that in Sparta, they use barter today.
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∙ 11y agoAdd your answer:
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What is exchanging one good for another called?
It could be simple trading, bartering, or depending on the good, purchasing. A bartering economy is an economy that lacks money. Because there is no money, the agents in the economy only trade goods for other goods. This is called bartering. Calling it trade is a dictionary definition. Calling it purchasing is another dictionary definition, but could refer to how sometimes in a bartering economy one good becomes monetized (it acts like a currency). One good example of this is cigarettes in prisons.
What economic system is bartering in?
an economic system based on exchanging goods rather than paying for them- apex :)
Less developed countries generate funds to promote development through?
Bartering with urban residents
What is the name for a complex form of bartering in which several countries may be involved each trading goods for goods or services for services?
countertrading
3 countries with a command economy?
Three countries with a command economy are, North Korea, Vietnam, and Cuba.
What was the very first colonies economy?
bartering
What was the Iroquois Indians economy like?
It was a traditional economy based on customs and traditions. They had no form of currency, but instead used a system of trading and bartering.
What is a major of traditional economy?
Bartering for goods and services
What is a major feature of traditional economy?
Bartering for goods and services
What is exchanging one good for another called?
It could be simple trading, bartering, or depending on the good, purchasing. A bartering economy is an economy that lacks money. Because there is no money, the agents in the economy only trade goods for other goods. This is called bartering. Calling it trade is a dictionary definition. Calling it purchasing is another dictionary definition, but could refer to how sometimes in a bartering economy one good becomes monetized (it acts like a currency). One good example of this is cigarettes in prisons.
What economic system is bartering in?
an economic system based on exchanging goods rather than paying for them- apex :)
Less developed countries generate funds to promote development through?
Bartering with urban residents
Did money originate from bartering?
Money was first introduced in bartering economies as a store of value, but its introduction quickly ended the practice of bartering since the benefit of having a fungible item used as a marker of value became obvious quickly.
Does camels live in Egypt?
Yes, they are often used for bartering and trading.
Since Egyptians had no money how did they puchase goods?
they used a bartering system
What will be a good sentence for the bartering?
my mom once was bartering at stripendales
HOW MATHS WAS USED BY EARLY MEN?
Used for accounting, trade/bartering, keeping count of their crops or animals
