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What else can I help you with?
How would a standard system of money and measurement help trade?
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Why does the use of money contribute to economic efficiency?
The use of money increases economic efficiency because without it, we would be a barter system. In a barter system, if I want potatoes, and have oranges to trade, the person with the potatoes has to want oranges to be willing to trade with me. With the use of money, I can give him a known amount of value in money, which he can buy what he wants to with.
What part of the triangular trade system represents the location where the british ttraded goods for slaves?
West Africa. They would trade Africans for their poisoners of war. There prisoners are often Africans. Well mostly. But from their they would go to the islands to sell them for money. Then go to Britain to give them the money and get more goods to trade.
Why should you bother with learning how to use the metric system?
All countries are trying to become uniform in weights and measurements etc. There would be no more conversions necessary making trade easier for all.
How would we get things without money?
Before money existed - and even today! - people trade something that they have or something they can do for something someone else has or can do. It's called the barter system.
Can you trade in your xbox360 for a PSP?
You would get money from the trade-in, then you may have enough for a PSP
What did the native Americans tribe use for money?
they did not actually have money they would trade
How did Ancient Greece Make Money?
the would trade
How much money would you get if you trade in 5 DS games?
It depends on what games they are and where you trade them in.
What would you use to measure your arm in the metric system?
You would use a measuring tape, with measurements in centimetres.
What would the world be like without money?
Without money the world would have been dominated by barter trade
What is a money substitute?
Really only trade would be a money substitute. That is it. But money substitutes are things that can be used in place of money.
