2007-01-01 10:12:20 · 7 answers · asked by Alison 2 in Social Science ➔ Economics
In the days of no money the barter system was used as different workmen were paid with corn, oil, and wine. Substance would be payment. This practice exists in Asia today as labors, livestock. and produce are used to gain commodities amd services. I believe the defines of what service one needed would determine what assets would be given or recieved. Assets being your service in return by trades or labor.
2007-01-01 18:56:53 · answer #1 · answered by kedoedecker 1 · 0⤊ 0⤋
There would certainly be no modern technology -- no electricity, no machinery, no motorized transportation, no modern medicine. Economies would be highly unproductive, with nearly everyone surviving as subsistence farmers, and no one free to develop more sophisticated goods and services.
Actually just imagine if bronze age societies of 3,000 years ago had made no progress -- that's where we'd still be. Because none of the progress of the modern world would have been possible without money.
2007-01-01 21:40:53 · answer #2 · answered by KevinStud99 6 · 0⤊ 0⤋
Not much different because humankind are always looking for something to use as money. We used to use shells, or gemstones, so I think it would revert to some form of money even if it were shells.
2007-01-01 18:19:10 · answer #3 · answered by mystire1978 2 · 0⤊ 0⤋
It would be one huge, continuous yard sale on the barter system.
2007-01-01 18:14:50 · answer #4 · answered by beez 7 · 0⤊ 0⤋
It would be like years ago, trade. If one didn't have they would trade.Any and all, including daughters or sisters.
2007-01-01 18:24:29 · answer #5 · answered by cher 1 · 0⤊ 0⤋
We'd go back to the barter system.
2007-01-01 18:23:18 · answer #6 · answered by Camoguntruck_lady 3 · 1⤊ 0⤋
like how it used to be, payment in the form of trade
2007-01-01 20:08:56 · answer #7 · answered by mandi 1 · 0⤊ 0⤋