Saturday, July 16, 2011
How do people expect the world without money?
Money is a measure of value, the end result of any transaction, exchange, consumption or service is value, if there's no money, and no monetary institutions exist, poeple would still find another measure of value and something to use as a unit of exchange, i'm not talking about the barter system here; even before the advent of money, people used other things such as cowries, tusks and shells as means of exchange, but the thing is people will definitely find another way to exchange value, products and service using a something else that is as stable, efficient and valuable as money.
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