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1/8/21

[Answer] How is using money related to bartering? Microeconomics

Answer: It is a substitute for bartering




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How is using money related to bartering? Microeconomics How is using money related to bartering ? It is a substitute for bartering . ... What is one problem that might commonly occur when one is bartering ? Two people have different ideas about the value of an item. ... Microeconomics . 28 terms. Jessiica_iica. Subjects. Arts and Humanities. Languages. Math. Science. Social Science. Other. Money is an alternate substitute for bartering. We exchange or trade in goods and services for money. A currency system or monetary form of exchange... See full answer below. Bartering - Definition Uses Advantages and Disadvantages Bartering - Definition Uses Advantages and Disadvantages Bartering - Definition Uses Advantages and Disadvantages Bartering - Definition Uses Advantages and Disadvantages To barter means to trade goods directly rather than through the medium of money. Thus a barter economy is one where money does not exist or has ceased to be functional. It means consumers have to gain goods through exchange. Primitive economies developed through bartering goods. But this is very inconvenient for a developing and more complex economy . Money is an alternate substitute for bartering. We exchange or trade in goods and services for money . A currency system or monetary form of exchange ... See full answer below. Bartering is the act of trading one good or service for another without using a medium of exchange such as money . A bartering economy differs from a monetary economy in a variety of ways. Sun Nov 17 2019 13:30:00 GMT-0500 (Eastern Standard Time) · Bartering is the act of trading one good or service for another without using a medium of exchange such as ...

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