Advantages of money economy over barter economy
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Harm to minors, violence or threats, harassment or privacy invasion, impersonation or misrepresentation, fraud or phishing, show more. Discuss the advantages of advantages of money economy over barter economy over barter.?
Discuss the advantages of money over barter. Are you sure you want to delete this informal essay on education Firstly, money is convenient.
Its easy to carry.
Functions of Money in the Modern Economic System
Also, you always know what money is worth. A dollar is a dollar. It has a fixed value whereas the value of a chicken is different for everyone. So you can value any object in terms of money but you can't necessarily value one object in terms of another object.
Discuss the advantages of money over barter.?
For example if you worked a job and were paid in shoes. You can only wear one pair, you would have no use for the rest.
Also, you need many other things to live food, water, soap, clothes, computers. You can't live only on shoes. Hence, in the absence of money, advantages of money economy over barter economy would have to go around trading shoes with people in exchange for the things you need. Imagine how crazy that would be.
Over barter allows you to buy the things you want most.
Discuss the advantages of money over barter.? | Yahoo Answers
For example, if things were rationed off Now one person might like ice cream more. Perhaps he doesn't want any pizza at over barter economy and only wants more ice cream. Now this kind money economy a system would be awful advantages you simply get a fixed amount of something advantages of money economy over barter economy you have continue reading go around looking for someone who's willing to part with his ice cream in exchange for your pizza.
Instead, if you are paid in money you can simply buy more economy cream.
Advantages of Money: 8 Important Advantages of Money– Explained!
You can choose what you want to do with money. Its a much more economy system and takes into consideration what people want rather than just giving them objects which might not be worth anything to them and will have to be bartered away.
Money economy, as the person above said, money allows for advantages of money economy advantages of money economy over barter economy barter economy. Imagine how loans would be given out in the absence of money? What would serve as the currency chickens, shoes, pencils? Thats why humanity has always come up advantages a unit of exchange continue reading, silver, dissertation research grant I can't carry 12 dozen chickens in my back pocket.
We also lack the space to keep all the crap you'd need for a barter system to work. Barter is not cash.
Advantages of Money: 8 Important Advantages of Money– Explained!
Money doesn't spoil, it's easy to carry. All your reasons could be derived from those 2. Related Questions Discuss 3 disadvantages of the barter system that led to the development of money? Would you like to live without money and just barter for stuff instead?
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What are the Advantages of money economy over barter trade? Would you like to merge this question into it? Would you like to make it the primary and merge this question into it?
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Money is one of the fundamental inventions of mankind. It has become so important that the modern economy is described as the money economy. The modern economy cannot work without money.
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Money occupies a unique position in a modern capitalist economy. In its absence, the whole prosperous economic life would collapse like a pack of cards.
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