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Barter economy is more efficient than present money economy?
No. A barter economy is less efficient than the current system. A barter system relies on individuals having a double coincidence of wants where each person wants the exact opposite thing that someone else is willing to sell at that particular time. So, people who needed certain things that weren't on the market were out of luck. Also, the barter economy has a flaw in the indivisibility of products. This means certain large expensive items such as tractors were not able to be divided equally to make necessary exchanges for smaller ticket items. The present money economy makes trade more efficient.
Economist argue that the move from barter to money increased trade and production How is this possible?
make by and sell esier
Why was the barter system popular in early history?
Simply, the barter system was common because the concept of money had not yet been invented. In a world without money, there are only two ways to acquire resources: (1) expend your own energy to find them or fashion them into something useful or (2) trade what you have for what someone else has. The second choice was far better since it allowed people to make large quantities of a single resource and exchange it for other things that person needed.As soon as money comes onto the scene, the economy shifts away from barter and towards moneyed transactions. Almost no monetary economy has a large barter sector.
Is US a traditional command or mixed economy?
Actually the United States is a Market Economy. Some people also call it free enterprise or a capitalism. The US could also be a mixed economy because the government also owns some things like railroads and some businesses but it is more of a Market Economy. This is where you make choices on what you want to make, how much you want it to cost, you are free to do anything without little government interference. A traditional economy is quite old now, this is where you trade or barter than actually paying anything. A command economy is where the government tells you what to make, how much it will cost, and you have to deal with the government more. A mixed economy is where there is a mixture of economic systems. To make it more plainer - The US could be either a Market or Mixed Economy but is more of a Market Economy!! Hopes this helps :D
What conditions must prevail for barter to take place?
poor economics development,limited exchange and low production are 3 factors needed fr barter
Barter economy is more efficient than present money economy?
No. A barter economy is less efficient than the current system. A barter system relies on individuals having a double coincidence of wants where each person wants the exact opposite thing that someone else is willing to sell at that particular time. So, people who needed certain things that weren't on the market were out of luck. Also, the barter economy has a flaw in the indivisibility of products. This means certain large expensive items such as tractors were not able to be divided equally to make necessary exchanges for smaller ticket items. The present money economy makes trade more efficient.
When was it unnatural to make money?
It was unnatural to make money during the era of barter trade where goods were exchanged for other goods.
Economist argue that the move from barter to money increased trade and production How is this possible?
make by and sell esier
How did the Phoenicians make a money economy?
Trade.
Why was the barter system popular in early history?
Simply, the barter system was common because the concept of money had not yet been invented. In a world without money, there are only two ways to acquire resources: (1) expend your own energy to find them or fashion them into something useful or (2) trade what you have for what someone else has. The second choice was far better since it allowed people to make large quantities of a single resource and exchange it for other things that person needed.As soon as money comes onto the scene, the economy shifts away from barter and towards moneyed transactions. Almost no monetary economy has a large barter sector.
Is US a traditional command or mixed economy?
Actually the United States is a Market Economy. Some people also call it free enterprise or a capitalism. The US could also be a mixed economy because the government also owns some things like railroads and some businesses but it is more of a Market Economy. This is where you make choices on what you want to make, how much you want it to cost, you are free to do anything without little government interference. A traditional economy is quite old now, this is where you trade or barter than actually paying anything. A command economy is where the government tells you what to make, how much it will cost, and you have to deal with the government more. A mixed economy is where there is a mixture of economic systems. To make it more plainer - The US could be either a Market or Mixed Economy but is more of a Market Economy!! Hopes this helps :D
What would be a good compromise?
A good compromise for the Proclamation of 1763 that can satisfy the King and the colonists is to make a better proclamation and/or trade to get bigger lands, like barter trading.
How are goods and services traded by barter?
Trade:I need a washing machine but don't like my motorcycle. You want a motorcycle but don't need your washer. Each is worth about $300. We decide to trade "even Steven". Now I have washer; you have a motorcycle.Barter:I need my lawn cut but cannot pay. You know I make strawberry jam. We barter 2 jars of fresh jam for each time you cut the grass.
What is the way to get past the clock in wild west island?
You have to get the oil can at the Trade and Barter shop, go to the clock, and make all the gears between the two big gears shine.
What are examples of economy?
An economy exists whenever there are goods and/or services to be sold or traded. If you make something with your own hands, and then sell or trade it to someone who has made something you need, this is an example of economy.
What did humans do in new stone age besides taming animals?
They were farming, made pots, weaved cloth, had polished tools and weapons, trade by barter and could make huge stone monuments
What conditions must prevail for barter to take place?
poor economics development,limited exchange and low production are 3 factors needed fr barter
