Topic: Money vs Barter - page 4. (Read 1865 times)
Money and barter are clearly different. For now money is the main transaction tool in the world. Of course we know, the purpose of people who work, trade, etc. is to get money, with money we can buy the needs we want, buy not barter. Barter is the way our ancestors used to make transactions. Example: Fruits are exchanged for rice, they will exchange the items they buy with other items they need. So, in my opinion, barter is the exchange of goods with goods, and money is exchanged for that item, which is called buying rather than barter.
The government is very anti barter, because they can't collect taxes on it. But to live in this society, we have to use cash. I say get creative, see what you can offer somebody to barter.
The government is considering this market because of its very high profit without any taxes. However, at the present time people still have to use cash to trade everything in life. And one thing in the future will have people come up with solutions to avoid the problems that the government is looking at.system online so that online transactions can be monitored by the government so they will not miss anything like taxes and so forth
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
This is why money is such a great invention, before the existence of money it was very difficult to price stuff the right way because there was not a unit that everyone accepted as a medium of exchange, so it was very difficult to tell what was more valuable a chicken or a fish? So money has been one of the greatest factors when it comes to human development can you imagine how slow the economy will have to move if everyone needed to barter for everything that they needed?I'm sure that if we still had barter instead of a form of money we will not have computers today and we will not be communicating in this forum, that is why bitcoin is so revolutionary, bitcoin is going to change all aspects of society for the better.
The barter system was applied long before the world developed and as time went on to the modern age as it is now barter is no longer applied anywhere, except if both parties agree on the barter system, but for now the barter system is no longer used because of transactions with Cash or credit cards have become popular.
Barter is an outdated and obsolete system of transaction, replaced by fiat currency, barter system has so many shortcoming like the ones mentioned by the author of this thread, as a banker, i need to eat rice, will the trader in the market have use for my banking services in order to give me rice? these are some of the issues the barter system failed to address.
Before money is known, trade between humans relies on a barter system. Because barter at that time was only carried out between the two parties who incidentally needed each other's goods or services, trade was certainly difficult to occur actively. This trade barrier is because the condition called coincidence of wants as a prerequisite for barter - is not easy to fulfill.
I think OP just have answered itself, there is no use for the barter system now as money is now being used for the medium of exchange. In your example even though you didn't get the suits from your bank you are still paid by the bank and you can use the money you earned to buy your suits in the tailor. I prefer what we have now compared to the barter system as there is really no standard when it comes to exchanging of goods unlike what we have in our fiat currency which in its own has value.
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
maybe for some things barter is still used, but this modern era is very rare because human needs are different, and the value of an item is very different, it will be very difficult to determine one item with another in this era, so according I am much more efficient and effective than barter
Money is a medium that used to buy goods or things that you needed, today you cannot buy things without money. Barter is not suitable todays generations. If you want this buy it or give me money thats the reality today. We can observe that as of now money is the root of some crimes.
Like here in crypto if you want more earnings or a good profit you need to invest or else stock your money without growing.
Like here in crypto if you want more earnings or a good profit you need to invest or else stock your money without growing.
The government is very anti barter, because they can't collect taxes on it. But to live in this society, we have to use cash. I say get creative, see what you can offer somebody to barter.
The government is considering this market because of its very high profit without any taxes. However, at the present time people still have to use cash to trade everything in life. And one thing in the future will have people come up with solutions to avoid the problems that the government is looking at.Well the emergence of fiat means that the barter system has been put aside behind money. You can't really determine the value of a product unless you give it a price. Perhaps crypto will do to fiat what fiat did to the barter system.
The government is very anti barter, because they can't collect taxes on it. But to live in this society, we have to use cash. I say get creative, see what you can offer somebody to barter.
The government is considering this market because of its very high profit without any taxes. However, at the present time people still have to use cash to trade everything in life. And one thing in the future will have people come up with solutions to avoid the problems that the government is looking at.Well the emergence of fiat means that the barter system has been put aside behind money. You can't really determine the value of a product unless you give it a price. Perhaps crypto will do to fiat what fiat did to the barter system.
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
There isn’t really much difference between the both of them, they are all under the same category and all methods of exchange. The barter system is just an old system of exchanging things, while money/currency is the new method. And I think money is the best and far much better than barter system. No need to start explaining, you have give the examples and the explanation to why money is better than the barter system.
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
Barter is very inconvenient to use because it will be difficult to find a person who needs your service in exchange for his service. It is much easier and more convenient to use money.
until now the money still is an Exchange that is often used by most people in the world, because it is using the money to buy and sell transactions, it is convenient and simple, and for the pembisnis to calculate the profit loss in more detail. and the money could also be used where aja, and in a country where only, not limited and broad in its use.
Unlike the case with the way transactions are barter system, few people are using this way. due to barter melaukan we also have to provide what should be exchanged with goods we want. in my opinion this is not efficient and is a bit difficult, and nialai stuff that we exchange and exchanged do not know certainly, just think of the shapes and the quality of the goods to be exchanged, thus there are not many people use this way. especially for the pembisnis, not all pembisnis using this system.
up to this point I prefer to use money as a tool of Exchange than with stuff.
Unlike the case with the way transactions are barter system, few people are using this way. due to barter melaukan we also have to provide what should be exchanged with goods we want. in my opinion this is not efficient and is a bit difficult, and nialai stuff that we exchange and exchanged do not know certainly, just think of the shapes and the quality of the goods to be exchanged, thus there are not many people use this way. especially for the pembisnis, not all pembisnis using this system.
up to this point I prefer to use money as a tool of Exchange than with stuff.
The government is very anti barter, because they can't collect taxes on it. But to live in this society, we have to use cash. I say get creative, see what you can offer somebody to barter.
The government is considering this market because of its very high profit without any taxes. However, at the present time people still have to use cash to trade everything in life. And one thing in the future will have people come up with solutions to avoid the problems that the government is looking at. 
do not misunderstand money with barter. Barter is an ancient term. Now people use money for a medium that used to be something they valued them to exchange for what they wanted. In other words the ancients thought that the goods used for barter were of value. money that is now circulating in their respective countries as well as having a value recognized by the government. With the money in their country, people are forced to follow the rules
Bartering is as ancient as the first civilization and is currently being used today by mostly family but for small chores. It cannot be used as a good measure of trade between goods since the value of each thing must be agreed upon by all otherwise it will be chaos from person to person. It can work maybe on small scale or between individuals.
for barter to have worked out as money did, there need to be mutual want between the both parties involved, so from the example above, there has to be an agreement or deal between the bank and the consultant, the bank has to provide suir for the consultant services.
Money and barter both are the exchanged system. But barter system is the old one and money is the prominent one. Money is the most important thing and is the right hand of any person. In comparison of money and barter, money is more useful as any good or service can be rendered with money but this is not so in barter as all things cant be exchanged with other goods. Money is the essence of any system. So now money is used more than the barter system.
In the initial advent of economics, the word relied on barter system however as the number of goods increased the unit of measure to value and compute the value of multiple goods to be complicated and accepted by everyone for which the money system was introduced before the advent of banks
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