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imagine you need wheat, cotton and rice and have a horse to trade. It's not necessary that you will be able to find one person with all the three commodities. But you only have one horse to trade that you can't divide in three.

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13y ago

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How do you solve poverty as economic problem?

The government transfers money to the poor.


How did money solved the bartering problem?

Well, let's think about it like a happy little tree. Money came along and made trading easier by giving everyone a common way to exchange goods and services. Instead of trying to find someone who wants what you have and has what you want, you can use money to trade with anyone. It's like a beautiful sunset that brings harmony to the world of trading.


What is efficient and equitable manner?

In my experience when someone used the term "efficient and equitable manner" they are trying to resolve a dispute or solve a personnel problem. What they mean is they want to solve the problem with as little cost in time/money/hassle as possible (efficient) yet at the same time they want to be fair or at least seem fair (equitable) in the way the problem was handled and finally resolved.


How do government solve the problem scarcity?

Reduce price


Which invention helped the Chinese solve the problem of needeing more money for trade?

The invention of paper currency in China helped solve the problem of needing more money for trade. Initially introduced during the Tang Dynasty and later developed further during the Song Dynasty, paper money provided a more convenient and lightweight alternative to heavy metal coins. This innovation facilitated trade by simplifying transactions and increasing the efficiency of commerce across regions. As a result, it significantly boosted economic activity and trade networks in China.

Related Questions

What is the easiest way to solve divisibility?

calculator


How does money solve the problem of double coincidence of wants explain with example?

Money solves the problem of double coincidence of wants by providing a universally accepted medium of exchange that eliminates the need for individuals to directly barter goods and services. For example, if a farmer wants to trade wheat for shoes, he might struggle to find a shoemaker who also wants wheat. However, if the farmer sells his wheat for money, he can then use that money to buy shoes from the shoemaker, thus facilitating the exchange without the need for a direct barter.


Is money spent on the wildlife should actually be spent on the poor?

The problem is that money spent on the poor doesn't solve the problem at all.


How do you solve poverty as economic problem?

The government transfers money to the poor.


Does money buy justice?

No it doesn't. Happiness and helping solve the problem does.


Write about a reallied situation that can be solved using divisibility rules solve it?

3+7=10


How does America solve the problem on economic crises?

Apparantly by spending buttloads of money that we don't have.


How do you fix the problem of a stack overflow?

(whodatrml1@yahoo.com). How do i solve problem of stack overflow? Can I do without spending money? Thank you


The goal of applied science is?

It is to use science for a practical job or to solve a problem.


Rosa is solving a math problem about money She thinks about her own bank account and how it might help her solve this problem?

Activating prior knowledge


What problem might Radermacher have been trying to solve when he began his research?

has no money and have no place to go


What is the difference between solving a problem and analyzing a problem?

When you analyze a problem you look it over which is what analyzing means. You look over the problem and then you solve it. When you solve a problem you solve it and you use certain steps and solve it but of course everyone has there ways to solve a problem but some people have ways to solve it by just analysing it. That is the difference.