how trading used to take place before the advent of money? what were the difficulties faced by people?
Answers
Answer:
Due to the difficulties of exchange barter economy would have no large-scale production, no advantage of the use of capital-intensive specialised machinery and no easy and cheap means in which wealth could be stored. The range of goods produced must be much smaller than those produced in the modern developed economies.
Answer:
Explanation:
Before money was invented, goods and services were exchanged through bartering or using commodities like salt, cattle, or grains. People used metal objects as money to exchange goods and services
goods and services cannot be transported conveniently from one place to another. For example, it is not easy and without risk for an individual to take heaps of wheat or herd of cattle to a distant market to exchange them for other goods