Question

Why did the primitive man not feel necessity of money as a means of exchange

Answer 1

Answer:

Don,t Post Irrevelent Que Ok Bro

Answer 2

Primitive man did not feel the necessity of money as a means of exchange as they lived on the principle of barter and exchange.

• The primitive man lived as a part of a new, poorly developed society. Each individual had specific roles.
• Resources were shared in the community, and the concept of owning private property had not yet developed
• People lived in small groups, not larger than a few hundred. This enabled all of them to contribute to the growth of their group in tangible ways. Surplus resources were collected and shared
• The usefulness of an individual was based on how important their contribution to society was
• Monetary exchange was not necessary at the time, as the method of measuring wealth was determined in terms of a person's importance to the survival of their community

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