Explain with example money transacion better then barter system
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A person holding money can easily exchange money for any comodity or service that he-she might want.
Lets take a case of shoeseller.
HE wants to sell shoes in market and buy wheat.The shoe manufacturer will first exchange shoes that he produced for money and then exchange money for wheat.
It would have been so difficult if shoe manufacturer had to directly exchange shoes for wheat without money. He would have to look for a wheat growning farmer
who also needs shoes wjich is very difficult to find
Lets take a case of shoeseller.
HE wants to sell shoes in market and buy wheat.The shoe manufacturer will first exchange shoes that he produced for money and then exchange money for wheat.
It would have been so difficult if shoe manufacturer had to directly exchange shoes for wheat without money. He would have to look for a wheat growning farmer
who also needs shoes wjich is very difficult to find
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