Can you guys help me write out the scenarios,i really appreciate those who help me in this.This question really means a lots for me,thanks for those who help me
2007-11-11 08:06:48 · 5 answers · asked by adam_1008 1 in Social Science ➔ Economics
I do not understand what you are trying to do. Go back to a barter system?. Money is essential as a medium of exchange and cannot simply be abolished . If it were it would do nothing to establish equality between countries.
2007-11-11 08:13:51 · answer #1 · answered by janniel 6 · 0⤊ 0⤋
You are making an assumption that money is directly linked to the inequality between countries. It is simply a medium used to facilitate the exchange of goods. If there was no money, goods would still be traded, wealth could still be accumulated and thus inequalities would remain.
2007-11-12 08:53:58 · answer #2 · answered by Jim 4 · 0⤊ 0⤋
the subject is each and every lifestyle that ever existed had a thought comparable to money. Even cultures that bartered products. they only like each and every capitalist believed that with the intention to acquire something from somebody you your self had to renounce something. it relatively is an etched in stone factor of economics which will in no way pass away inspite of what forex a society makes use of or no remember if it relatively is Communist, Socialist, or Capitalist.
2016-10-16 03:55:11 · answer #3 · answered by ? 4 · 0⤊ 0⤋
The inequality between counties exists because of the differences in capital goods, and productivity. Money is just how we keep score.
2007-11-11 08:15:34 · answer #4 · answered by meg 7 · 0⤊ 0⤋
That is like saying we are going to abolish "time" so no one has to rush.
Money is a concept, not an artifact, as the first two posters described.
2007-11-12 08:41:55 · answer #5 · answered by Barry C 6 · 0⤊ 0⤋