Five differences between money and trade by barter.
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and monetary systems is that in monetary system uses an agreed-upon form of paper or coin money acts as an medium of exchange whereas in barter system exchange of goods takes place , when double coincidence of wants is possible.
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MONEY:
IN MONEY SYSTEM THE SELLER GETS DEFINED VALUE THAT HE EXPECTS
BARTER SYSTEM:
IN BARTER SYSTEM HE MAY GET MORE VALUABLE THING THEN HE EXCEPTED
MONEY:
MONEY HAS A DEFINED VALUE
FOR EX. YOU CAN PURCHASE A PEN WORTH RS.5 EVERY TIME
BARTER SYSTEM:
IN BARTER SYSTEM THERE IS NO DEFINITE VALUE FOR THAT OBJECT
FOR EX. U MAY PURCHASE THE SAME PEN BY EXCHANGING AN OBJECT WORTH RS. 3 FOR FIRST TIME BUT SECOND TIME YOU MAY GIVE AN OBJECT WORTH RS. 8
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