Topic: Money vs Barter - page 7. (Read 1889 times)
I know people will be surprise at my response. In my community market people are still practice trade by barter. The people in my community are farmers and fishermen. So you can exchange your farm produce for fish.
Actually we conceptualized money because of the problems of a barter system. You can't effectively exchange goods if what you're exchanging for is the same goods. Money places a value on all goods and services so that you can exchange them for pieces of paper that you trust have value vouched by the governing body of the country.
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?
Failed to change a commodity for the export transaction for the following international development for the national development is missing yet the currency through the commodity information are a trade for currency that the currency we can swap immediate with the profit if if they are not match with barter
i use bitcoin to barter work that i outsource to some people in china and philliphines... Because money is too valuable for me to exchange in exchange of their consulting services.
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?
During the earlier days, the ancient people are using barter in their daily living. Gold or other products in exchange for products or goods or even services. And until now we are still using the method.
Money may be chosen more by people I think, if the barter still many shortcomings. One is to determine the value of both items to be bartered or exchanged. If it is not fair then the transaction will not be able to proceed or cancel.
I think people use money because they find it easier to use it. well, in the barter system, that is between fellow goods, and mutual need. I find it very difficult to find the willingness of someone who has become rich, so I better choose money in comparison barter.
Therefore, barter is almost non-existent on a global scale. With the advent of money, barter became ineffective. Barter again becomes a form of mutual settlement only if the money lose its credibility as a result of hyperinflation. However, if the state decides to switch to non-cash payment, a part of the population, I think, will have to switch to mutual settlement in kind, that is, in barter, because not all can use payment cards or crypto currency for various reasons.
The main advantage of money over barter is that money is always going to be usable. Barter is very often not possible. Think about how barter works. You have to trade something you have for something you want. Let's say that I am a teacher. If we have a barter system, I am going to have to find someone, for example, who wants to be taught and who has some chickens and rice for me to eat. I will have to find someone who wants to be taught and who can make me clothes to wear. In other words, I have to find people who have the things I want and who want the things I have to trade. There are going to be many cases where this will not be possible. Thus, the main advantage of money is that it can be exchanged for anything. Anyone will take money because it is always valuable to them. By contrast, the things that I have to barter might not be valuable to various people and so it will be much harder to find chances to trade.
Barter has only one advantage. Its value cannot be tricked. The money are emitted by a central banks of the countries, and the governments can realize a monetary politics they wish. Therefore the price of the goods can be significantly increased at one day if the money is inflated. Bitcoin and other crypto currencies were designed to be a decentralized and transnational and their technologies are not depended on the opinion of any government.
That depends on what will give you a good profit between the two. If i can make a trade lower than the money that i should get today but would later double my profit, then i will gladly trade it today.
This concept of microeconomics was used with ancient civilazation to exchange goods and services but over time it present some difficulties and flaws like you mentioned. That's how money came to existence it made trading easy and in time it develop to paper money which is the cause for humanity to discover another advance way of payment that is btc.
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?
When money was not yet discovered long time ago, barter was done by the ancient people. They did exchange of goods. Some had golds in exchange for other items or services. At our times, barter is still evident, but most of the time we are using paper money. Money is used inexchange for services or in buying goods.
For things that one need a lot, he/ she will find way to "barter" for it. If there are lots of demand of something, there must have agents or intermediates that can be involved. A common recognized mediums like money or btc is make this exchange a lots easier. People is always advancing for the better and not going backward. Technology won't died for decades.
Barter is the beginning of money.Money came because it was too cumbersome in the barter to always have to go around looking for the person who likes the goods you have to exchange.But with money life is a little comfortable where you can now buy all you need from the market.Money is definitely better than barter trade but btc is even better and will take over the world soon.
I don't actually think that we need "VS" here because money = barter actually.
I always thought that barter cannot involve money. It's an exchange of goods and services directly into other goods and services. If you add money to the mix it's no longer barter because money isn't goods or services, it's a tool that allows us to price them.
The primary difference between barter and currency systems is that a currency system uses an agreed-upon form of paper or coin money as an exchange system rather than directly trading goods and services through bartering. The main advantage of money over barter is that money is always going to be usable. Barter is very often not possible. This is because of the need for what is called a “coincidence of wants” (sometimes called a “double coincidence of wants”). Think about how barter works. You have to trade something you have for something you want. The problem with that is that the other person also has to want the thing that you have. This is the coincidence of wants.
That's correct. This system makes selling things for profit much harder. You have to be aware of the value of various items. Barter makes every single person into a pawn shop owner that's able to correctly price items of various origin, state, dating, and so on.
I agree with the comments of our other co forum members, what if the later wants a different product you must prepared a different variety of goods to get ready for your trade and how are things gonna be If the products you are trading will get spoil example meat or other goods that can make the trade not successful if the later is gonna receive a unusable goods that is eliminated in the use of money because it is something universally ready because of its acceptance all over the place its called legal tender.
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?
that's why people back on the day quickly adopts to monetary system. Gold, silver, and other precious metal and gems became a standard currecny in the market.
The good thing I see about it is that most people offers the best services or products because it serves as their medium for exchange.
There is a project called 0x (zero ex) that is trying to help barter units (units of money, cripto or stocks) for goods (those goods will have their own value too) or goods for goods.
Is something like this happen probably money itself wont be that necessary in the economie since the scale of this barter system will be huge.
Is something like this happen probably money itself wont be that necessary in the economie since the scale of this barter system will be huge.
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?
With a common commodity, money serves as every once need thats the reason why fiat was produce, to sell or exchange of services. Jump to: