Question

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➡1 mark question... Class 10th

✨Why are the goods exchanged for money and why not for other commodities?

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Answer 1

Answer:

money is the best intermediator for buying and selling

exchanging commodities have a lot of problems for sharing both have to exchange goods as per required as per their need.

but money didnt have any these type of barriers it is easy to buy any goods using money....

so nowadays goods are used for exchange.

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Answer 2

Answer:

Everyone uses money. We all want it, work for it, and think about it. On the one hand, if you dont know what money is, you are not like most humans. On the other hand, defining money, its source, and its value are the endeavors of the discipline of Economics. Lets take a look at the multifaceted characteristics of money, which, while its creation and growth is somewhat intangible, is the means by which we get the things we need and want.

Before the development of a medium for the exchange of goods, people would barter to obtain the goods and services they needed.

This is basically how it worked: two individuals, each possessing a commodity the other wants or needs, would enter into an agreement to trade their goods.

This early form of barter, however, does not provide the transferability and divisibility that makes trading efficient. For instance, if you have cows but need bananas, you must find someone who not only has bananas but also the desire for meat.

Hope it helps you.....