0
What were some of the pros and cons of using wampum and barter in an economic system?
Wiki User
∙ 11y ago
no
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the exchange of goods without using money?
This is called the barter system.
What countries used the bartering economy?
arriba el pais de alberto es el mejor del planeta que viva el rico peru
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.
Economic advantages to using the metric system?
You dont have to use your head you can just use it instead.
What are the limitations of the barter system?
Limitation of barter system:Barter is a method of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange,There have some limitation:1) Desirability2)Transferability3)Divisibility4)Coincidence of demand5)Problem with valuation6)Storage problem7)Carrying problem
What is the exchange of goods without using money?
This is called the barter system.
What is a sentence with wampum?
I'm all out of wampum. These dark purple shells will make the wampum necklace more valuable.
What economic system is Romania currently using now?
Free market economic system
The importance of the wampum belt to the Iroquois?
Wampum was important to SOME American Indian. Some northeastern tribes used wampum belts as a monetary system to trade for furs or whatever was valued at the time. More importantly, those wampum belts would tell the family history of the maker.
A form of trade without using money?
barter
What countries are using the mixed economic system?
Canada uses a mixed economy -
What is an economic system in which people exchange goods without using money?
Bartering
Why can't we trade what we can do or have for other things instead of using money?
Money is much more efficient than the barter system because then items can be exchanged for their exact worth.
What countries used the bartering economy?
arriba el pais de alberto es el mejor del planeta que viva el rico peru
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.
Why did people stop using items as money?
They haven't it is called barter and people do it all the time. There are barter groups where they trade a service or item for something they need.
Economic advantages to using the metric system?
You dont have to use your head you can just use it instead.
