Which economic mechanism does a barter system operate without?
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The economic mechanism that a barter system doesn’t operate without is money.
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form.
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Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form.
I am hoping that this answer has
satisfied your query and it will be able to help you in your endeavor, and if
you would like, feel free to ask another question.
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