[Answer] How is using money related to bartering? Economic Growth

Answer: It is a substitute for bartering Microeconomics

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How is using money related to bartering? Economic Growth Mon Nov 18 2019 · 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. The primary difference is that goods Normal Goods Normal goods are a type of goods whose demand shows a direct relationship with a consumer’s income . Here are some characteristics of money that allow it to be used this way. It’s durable which means it should last a long time without breaking; it’s homogeneous which means that each unit should be identical; portable so that it’s small enough that you can carry it with you; divisible so that you can make change; and importantly – it should maintain it’s value over a long period ... Bartering - Definition Uses Advantages and Disadvantages Bartering...

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