importance of money for development over batter trade system

Expert Solution

Money is characterized as the vehicle of trade which separates the sales as well as a purchase which is anything but difficult to store and move starting with one spot then onto the next.

Barter arrangement of trade is an arrangement of businesses where merchandise is traded for products.

No double coincidence of needs required as if there should arise an occurrence of a twofold fortuitous event of the need for trade to occur.
The proportion of significant worth that is we can quantify every single great as far as cash however that was unrealistic in the deal arrangement of trade
Store of significant worth; it is anything but difficult to store cash with banking framework by and by, however, it was difficult to save products since it increments the maintenance cost.
Move of significant worth; we can without much of stretch exchange cash starting with one spot then onto the next which was not the situation when the deal framework was by and by
The standard for conceded instalment: we can buy products now and pay for it later in future however that was not a case in trade arrangement of trade in light of the fact that the deal happens simultaneously

Rahul Sunny answered 2 years ago

discusses the importance of international trade to economic growth and development of the courntries. Using facts,...

discusses the importance of international trade to economic growth and development of the courntries. Using facts, data, and articles no older than a year.

discuss the efficiency of money over the barter system of exchange.

Discuss the major participants in the U.S monetary system and the importance and function of money.

describe russia's politcal party system, and its development over time.

What is the importance of relay signaling in development?

whats the importance of international trade and comparative advantage?

International Trade Think of the importance of trade in your life. Look simply at what you’re...

International Trade Think of the importance of trade in your life. Look simply at what you’re wearing today. When you shop, do you look for the “Made in the USA” label? Perhaps you believe we might be better off as a nation economically if we produced more goods in the attempt to become more self-supportive. Perhaps you believe we should increase the amount of goods traded internationally. Opinions and speculation vary as much as the number of economists that predict...

How has the system of transportation evolved over the years? What philosophies have guided its development?...

How has the system of transportation evolved over the years? What philosophies have guided its development? Have things been changing recently? How is this system likely to evolve in the coming years?

Report on the development of intra-industry trade of Morocco

Listed below are system development activities. Identify the stage of the system development life cycle that...

Listed below are system development activities. Identify the stage of the system development life cycle that each activity belongs to SYSTEM DEVELOPMENT ACTIVITIY SDLC STAGE Create the data dictionary for the system. For each table in the database, identify the primary key. While the system is in operation, change the frequency of output of the sales report. The report was output weekly. It is now changed to daily output. Create the Level 0 DFD based on the content DFD. Interview...

Question