History, asked by anusha9766, 5 hours ago

Why do increasing use of money and fading barter system saw the emergence of an ostentatious lifestyle
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Answered by vaishnaviboricha1110
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Why did money replace the barter system? In a barter economy, a buyer must find a seller in search of the exact goods that he/she has to offer. ... With the gold standard, the money supply would be tied to the amount of gold the country possessed, and a restricted money supply could impede economic growth.

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