Business Studies, asked by ladaranjenelyn, 7 months ago

explain an understanding that people comes before money​

Answers

Answered by Anonymous
3

Answer:

A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.

Explanation:

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Answered by vedika5582
0

Answer:

Money, in and of itself, has no actual value; its value is symbolic because it conveys the importance that people place on it.

Money allows people to trade goods and services indirectly, communicate the price of goods, and it provides individuals with a way to store their wealth over the long-term.

Before money, people acquired and exchanged goods through a system of bartering, which involves the direct trade of goods and services.

The first region of the world to use an industrial facility to manufacture coins that could be used as currency was in Europe, in the region called Lydia (modern-day Western Turkey), in approximately 600 B.C.

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