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True. When money was invented, trade became simpler because it provided a standardized medium of exchange, eliminating the inefficiencies of barter systems, where goods had to be directly exchanged. Money allowed for easier pricing, saving, and investment, facilitating more complex and widespread economic transactions. This innovation streamlined trade and contributed to the development of economies.
What else can I help you with?
Why did people invented money?
Because they needed to have something beside trade. It was too hard to carry enough goats and chickens to make change for a cow in your pocket.
Who invented trade?
Sumerians
What is trade in the economy?
A trade in a economy is what they trade for money.
Was Foreign trade healthy before the Depression?
False
How did the people of Jamestown earn money and trade?
well they get there money by working but,when they dont get money instead they trade
What did people use as money before money was invented?
Was it gold or did they just trade things for what they wanted.
How did Egyptians trade?
By exchanging goods and services - money had not been invented.
You can save money by purchasing a new car with a trade-in every three years or so?
false
Does the executive branch have the power to coin money collect taxes regulate trade and declare war?
False
To make money from its trade England had to import more goods than it exported true or false?
False, because To make money from its trade England had to export more goods than it imported. Same if ur in Mr.Wells class also so yea. You get all answers from here! lol.
Why did people invented money?
Because they needed to have something beside trade. It was too hard to carry enough goats and chickens to make change for a cow in your pocket.
Why is money invented?
Money is a tool that allows people to assign a value to goods. Without money, people may trade without getting the true value of the item they are trading.
Purchase discounts is the same as trade discounts true or false?
false
Did British end the opium trade to China in 1836?
false
Why did cavemen not need money?
Money was invented by different people at different times. It was invented about 3000 years ago in China, and about 2500 years ago in Lydia (now western Turkey). Prehistoric people used other systems.
What were the advantages for Athens' of coined money?
One of the advantages is that trade became easier . After switching from the barter system to do this trade was a lot simpler. Around 570 B.C they switched to coins . The Government made the coins. People were willing trade their goods for coins. Coins could also buy anything.
Who invented the triangular trade?
Jean Talon, invented the triangulaire trade in 1660.
