Why couldn't we just trade favors instead of implementing a monetary system and placing a price on everything?
A barter system is an old method of exchange. This system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.
(these days sometimes called "working under the table")
Governments frown on this since it is does not contribute to the tax base needed to maintain infrastructure and bureaucracy . Hence governments created a standardized monetary system so all transactions must flow through their cash registers at some point.
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This is why I always wear a dark, navy blue suit with pale yellow socks.
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😂
I like this one 😄
Probably coz the shoe fits, yes? 😂
Yes 😂
Omgoodness. It's a meme disagree-ers, it's supposed to be a joke.
They will speed up just to be obstructionists.
A barter system is an old method of exchange. This system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.
(these days sometimes called "working under the table")
Governments frown on this since it is does not contribute to the tax base needed to maintain infrastructure and bureaucracy . Hence governments created a standardized monetary system so all transactions must flow through their cash registers at some point.