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A system involves the direct exchange of goods and services without the use of money as a medium of exchange?
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
Why money is important in life?
we use money to exchange for goods and services! before that we would barter and exchange goods and services - the main difference between the two is that with money i can swap my apples that would rot for money that doesn't and save that money for later ( when my apples would have rotted) and exchange my money for other (food) goods or services! it's a no perishable way of saving and accumulating wealth against other goods or services!
What is the exchange of goods and services without the use of money?
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
What system involves the direct exchange of goods and services without the use of money as a medium of exchange?
Barter system involves the direct exchange of goods and services for the same.
What is money called when it is accepted for goods and services?
A medium of exchange
Why does the world have money?
The world has money to exchange for goods or services.
A system involves the direct exchange of goods and services without the use of money as a medium of exchange?
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
Trading without the use of money is called?
Trading without the use of money is called bartering. In bartering, goods or services are exchanged directly for other goods or services without using a medium of exchange like money.
Why money is important in life?
we use money to exchange for goods and services! before that we would barter and exchange goods and services - the main difference between the two is that with money i can swap my apples that would rot for money that doesn't and save that money for later ( when my apples would have rotted) and exchange my money for other (food) goods or services! it's a no perishable way of saving and accumulating wealth against other goods or services!
What is the exchange of goods and services without the use of money?
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
What system involves the direct exchange of goods and services without the use of money as a medium of exchange?
Barter system involves the direct exchange of goods and services for the same.
What system involves the direct exchange of goods and services without the use of money as a medium of exchange.?
Barter system involves the direct exchange of goods and services for the same.
What is money called when it is accepted for goods and services?
A medium of exchange
How are goods and services defined?
goods and services are define as the commodity that are sale for exchange of money to make life easy.
How would you define barter?
Bartering is a medium in which goods or services are directly exchanged for other goods and/or services without a common unit of exchange (without the use of money). (Wikipedia)
Money can be easily converted into goods or services This is an example of which function of money?
medium of exchange
Which Money can be easily converted into goods or services. This is an example of which function of money?
medium of exchange
