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The system where goods are traded for other goods without the use of money is called bartering. In a barter system, participants exchange products or services directly based on mutual agreement of value. This method was commonly used before the advent of currency and is still practiced in some communities today. Bartering can facilitate trade when money is scarce or in localized economies.
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What economy individual goods are traded for other goods?
Barter
What are Goods or services bought with other goods or services called?
This is the barter system.
In a economy individual goods are traded for other goods.?
In an economy where individual goods are traded for other goods, this system is known as barter. It allows people to exchange goods and services directly without the need for money. However, barter can be inefficient due to the necessity of a double coincidence of wants, meaning both parties must desire what the other offers. This limitation led to the development of currency as a more efficient medium of exchange.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
Pioneers often traded items they had for items they need from other pioneers. what was this system of exchanging goods called?
bartering
Pioneers often traded items they had for items they needed from the other pioneers what was this system of exchanging goods called personal finance?
bartering
What was tobacco traded for in Europe?
They were traded for money and other goods.
What economy individual goods are traded for other goods?
Barter
What are Goods or services bought with other goods or services called?
This is the barter system.
What did zheng he traded to the other countries to get in?
Zheng He traded Chinese goods such as silk, porcelain, tea, and other luxury items in exchange for valuable products and goods from other countries, such as spices, gems, exotic animals, and rare woods.
What did the Chinese trade and what goods did they receive from other people?
they traded silk for gold and other goods !
What was their economic like?
they traded goods for other things
In a economy individual goods are traded for other goods.?
In an economy where individual goods are traded for other goods, this system is known as barter. It allows people to exchange goods and services directly without the need for money. However, barter can be inefficient due to the necessity of a double coincidence of wants, meaning both parties must desire what the other offers. This limitation led to the development of currency as a more efficient medium of exchange.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
Why was Kerma important?
Kerma was important because it traded goods with Egypt and other Africa cultures were traded.
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
