3 ms·
That is my point. A barter system works just fine with you only have a few people on a small island producing a small number of good and services. When you hav
by gitfan86 4y ago
That is my point. A barter system works just fine with you only have a few people on a small island producing a small number of good and services.
When you have a large number of goods and services available you need a medium of exchange that has good liquidity.