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what is the difference between barter economy and monetary economy ?
The double coincidence of wants is one of the major part of the Barter System.The two basic terms actually don't have any specific difference.
the main distinction between sale&agency contract?
Barter system
they had a barter system. they didn't have money, just trade goods,
what is the difference between barter economy and monetary economy ?
The double coincidence of wants is one of the major part of the Barter System.The two basic terms actually don't have any specific difference.
the main distinction between sale&agency contract?
Barter system
they had a barter system. they didn't have money, just trade goods,
Barter
Barter
The exchange of one good for another without the use of money is called Barter.
Fiat money is a suitable substitute used for trade barter.
most human being used to barter before they had money
barter.
The invention of money supplemented the barter system by providing a nonperishable medium of exchange.