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Why did Greece shift from a barter to a coin economy?
Monetary based economies are superior to barter systems due to the fact that you don't have to carry your goods with you to market.
What would be a reasonable monetary policy for an economy in a recession?
The problem with this is that reason is subjective. So whatever answer you get for this may change. And my answer is purely what I think should occur, but it may not be realistic: I would think barter is is a good monetary policy for an economy in a recession, as well as heavy taxation of the rich (25% and over), because the problem with selling things in a recession is that people may or may not have the money for what you're offering, but they want it. So they can barter with you for it. You can in turn trade in these goods to a bank for money. It's a merger between barter and actual money.
What is monetary economics and its scope?
The monetary economy is that part of a society's economic system where products and services are traded in exchange for money. A monetary economy stands in contrast to an economy based on bartering (called barter economy) or to an economy where goods are not traded, i.e. where the goods are produced and consumed by the same households (closed household economy). These two types of economies are said to be non-monetary economies. I define monetary economics to be the study of the causes and economic consequences of the monetization of exchange -- that is, of the use of media of exchange. These definitions lead me to specify the distinctive objective of monetary economics to be to understand: (1) the monetization of exchange and its relation to the technologies of production and of exchange, (2) the form that money takes and, especially, the viability of fiat money, (3) the determination and significance of the real value of units of money, and (4) the relation between the nominal quantity of money and aggregate economic activity.
What is CC economy?
CC economy is the earlier economy by barter system.Comodity for Comodity exchange economy.
What is the difference between barter system and double coincidence of wants?
The double coincidence of wants is one of the major part of the Barter System.The two basic terms actually don't have any specific difference.
Why did Greece shift from a barter to a coin economy?
Monetary based economies are superior to barter systems due to the fact that you don't have to carry your goods with you to market.
What would be a reasonable monetary policy for an economy in a recession?
The problem with this is that reason is subjective. So whatever answer you get for this may change. And my answer is purely what I think should occur, but it may not be realistic: I would think barter is is a good monetary policy for an economy in a recession, as well as heavy taxation of the rich (25% and over), because the problem with selling things in a recession is that people may or may not have the money for what you're offering, but they want it. So they can barter with you for it. You can in turn trade in these goods to a bank for money. It's a merger between barter and actual money.
What are the difficultes of barter system?
what is the difficultes of barter system in world economy
What is monetary economics and its scope?
The monetary economy is that part of a society's economic system where products and services are traded in exchange for money. A monetary economy stands in contrast to an economy based on bartering (called barter economy) or to an economy where goods are not traded, i.e. where the goods are produced and consumed by the same households (closed household economy). These two types of economies are said to be non-monetary economies. I define monetary economics to be the study of the causes and economic consequences of the monetization of exchange -- that is, of the use of media of exchange. These definitions lead me to specify the distinctive objective of monetary economics to be to understand: (1) the monetization of exchange and its relation to the technologies of production and of exchange, (2) the form that money takes and, especially, the viability of fiat money, (3) the determination and significance of the real value of units of money, and (4) the relation between the nominal quantity of money and aggregate economic activity.
What is the significant of barter?
In barter economy, commodities were exchanged in the market. It was before the evolution of currency system that barter economy existed. Even today, in remote rural areas of India, the barter system still exists.
What is CC economy?
CC economy is the earlier economy by barter system.Comodity for Comodity exchange economy.
What was the roman economy based on?
barter Barter was an element. With the introduction of coins, the monetary economy also developed. Agriculture and pastoralism were the oldest activities. With imperial expansion trade became massive, and artisanal activities also flourished. In the early days debt bondage was the main form of labour exploitation, then slavery became the dominant one.
What economy accepts goods and services in exchange for commodities?
barter economy
The barter economy is?
an economy which the price of goods is based on what people can afford .
What is the difference between barter system and double coincidence of wants?
The double coincidence of wants is one of the major part of the Barter System.The two basic terms actually don't have any specific difference.
What is the difference between sale and barter exchange?
the main distinction between sale&agency contract?
What were the methods of trading in the early civilization?
barter economy
