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How money can help in divisibility to solve the problem of barter trade?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y 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?
The use of money meant that people could sell their surplus of goods in exchange for money and use the money earned to buy their needs. Money acted as a medium of exchange, a measure of value, a store of value, a standard for postponed payment anddeferring payment so that means that trade became simpler.
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.
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Reduce price
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The forces of demand and supply regulated by price helps producers and resource owners solve the problem of what to produce
What is the easiest way to solve divisibility?
calculator
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.
Does money buy justice?
No it doesn't. Happiness and helping solve the problem does.
How do you solve poverty as economic problem?
The government transfers money to the poor.
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3+7=10
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Apparantly by spending buttloads of money that we don't have.
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The goal of applied science is?
It is to use science for a practical job or to solve a problem.
How do you solve a problem like endangered species?
There are organizations which use money to help support endangered species. you could donate money.
Rosa is solving a math problem about money She thinks about her own bank account and how it might help her solve this problem?
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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.
What problem might Radermacher have been trying to solve when he began his research?
has no money and have no place to go
