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The Lydians were the first people to develop a money economy.
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∙ 10y ago
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Why was New England able to develop a free market economy?
the dumb guys had to make money!
What is the biggest benefit of a money economy?
There are a number of benefits of a money economy. The currency is consistent and therefore as fair as possible to most people for example.
How does a stable economy help people?
A good economy is with people having jobs and employment and not a lot of people having unemployment that is bad is bad because they don't get much money for all Everybody needs money so we need to get a real better economy
What is the role of business in economy?
Business keeps the money flowing. When somebody spends something at a business, the people working there have extra money to spend on something else, which gives the people at another business extra money to spend...etc. When theft occurs, people start saving money, or don't have extra money to spend, the economy slows down.
How does money flow through the US Economy?
People give money to businesses then the businesses give that money to other people and it repeats itself.
Who was the first people to develop a money economy?
Egyptian
What civilization was the first to develop an economy based on coined money?
Greece (specifically Athens i think but im not sure)
Why did the Phoenicians develop a money economy?
As an easier means of exchange than trade goods.
In which type of economy do people not use money?
Traditional economy
Why was New England able to develop a free market economy?
the dumb guys had to make money!
Why wouldn't we have money if early civilizations didn't develop?
Prior to civilization, people lived by hunting and gathering. There was no economy and nothing that required money. If you needed something, you either made it yourself, or found it yourself in your environment.
What is Money economy?
money economy is an economy money
Can you stop this bad economy?
Well the fact that we have bad economy means that people stop spending money and in order for the economy to go back to "good," more people have to start spending more money.
What made the slave trade important to the West African economy?
One of the things that made slave trade important in West Africa is that it earned the slave owners good money. This money could be used to develop farms or invest in other sectors of the economy.
What did people trade for money?
how did people go about trade ?making money in the economy o Medieval Japan
What is the biggest benefit of a money economy?
There are a number of benefits of a money economy. The currency is consistent and therefore as fair as possible to most people for example.
Why is united states department of commerce and the bureau of economic affairs no longer going to tell the American public what foreign investors are buying in the united states?
their economy is so corrupted and they need money so they make people buy stuff to get the money their economy is so corrupted and they need money so they make people buy stuff to get the money their economy is so corrupted and they need money so they make people buy stuff to get the money their economy is so corrupted and they need money so they make people buy stuff to get the money
