What would the world be like if there was no money? How
would people buy things?
Answers
Answer:
if there would no money then the problems of people would surely decreased to max level. yeah then also people would buy things as in early period people would exchange their things to get the required things by them
Explanation:
Answer:
if there was no money, people would barter. But if humans had no concept of value we would be less intelligent than monkeys, because even they can tell the difference of value between food and dirt. Lack of these two concepts would lead to very boring history.
That there was an Age of Barter appears to be a myth, perpetuated by Adam Smith and his generation of early economists, although I doubt he actually invented it. Anthropologists, who actually study pre-modern societies, have never found such a system. Barter happens, but only between strangers, and is not part of daily village life.
Instead what you have in very simple societies is a Gift Economy. There are numerous variations, but in essence the hunters hunt, the fishermen fish, the foragers forage, and it all goes into a communal pot, or is given to the chief, and is then distributed by gift to those who need it. A sort of primitive communism.
Explanation: