It is because the technology we have now is more advance and the way people moving away to cultures and an example of other countries i.e U.K look the way they live.
No. Barter System was one of the ancient ways of exchange of goods and services. Nowadays cash and currency has replaced the barter system. People usually pay for goods and services in money.
Barter system
It depends on where you are in Africa, some places with unstable official currencies such as Zimbabwe use mostly a barter system, but some areas like South Africa have a stable currency and use a money system.
It has evolved from barter system to gold and precious stone system to the present system. It exists because of the ease of transporting it in smaller and lighter size.
In barter economy, commodities were exchanged in the market. It was before the evolution of currency system that barter economy existed. Even today, in remote rural areas of India, the barter system still exists.
In barter economy, commodities were exchanged in the market. It was before the evolution of currency system that barter economy existed. Even today, in remote rural areas of India, the barter system still exists.
The barter system
No. Barter System was one of the ancient ways of exchange of goods and services. Nowadays cash and currency has replaced the barter system. People usually pay for goods and services in money.
Barter system
It depends on where you are in Africa, some places with unstable official currencies such as Zimbabwe use mostly a barter system, but some areas like South Africa have a stable currency and use a money system.
To trade goods and have a form of currency that is used all over the country.
They had very little hard currency and relied on the barter system.
Bc people like money...
what is the difficultes of barter system in world economy
Native American Indians did not use a form of currency. They used the barter system - animal pelts for food, or jewelery.
The Cherokee Indians didn't use any currency until they had contact with the Europians. They did have a barter system which worked quite well. Deer skins was probably the most used barter item. Copper, Shells and gemstones were used as barter.
Native Americans relied on a barter system. This was a system in which