How have markets, and the methods of exchange, changed over time?(correct ans gets brainliest!)
Answers
Answer:
Before money was invented, people met in a market to barter or exchange goods and services. For example, ten pots could be exchanged for a bale of cotton. ... So money was invented, which is an item that is universally acceptable as a medium of exchange and a means of payment.
Explanation:
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Answer:
Before
money was Invented, people met in a market to
barter or exchange goods and
services. For example, ten pots could be exchanged
for a bale of
cotton. But the need was felt for a standard unit of
exchange acceptable to
all. So money was invented, which is an item that is
universally acceptable as
a medium of exchange and a means of payment.
Similarly, a market used to be
just a place of barter or exchange. Over time It has
grown in size, number and complexity,
consisting of a whole range of activities. These days
there are different types
of markets. They are weekly markets, nelghborhood
shops, and supermarkets and
malls.