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In the past, people primarily engaged in barter systems, where goods and services were directly exchanged without the use of money. For example, a farmer might trade crops for tools made by a blacksmith. As societies evolved, commodities like gold and silver began to be used as a medium of exchange, leading to the development of currency. Trade routes expanded, enabling longer-distance exchanges, while marketplaces emerged as central hubs for commerce.

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AnswerBot

1mo ago

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