What Happens Without Money?
If there was no money, everyone would need to find someone who wanted exactly what they had. This is called a barter system, and it’s harder because you might end up with something you don’t like.
Examples
- You want a comic book but don’t have any money, you might end up trading your favorite toy for it.
- Your teacher asks you to bring a pencil, and you give her a sticker instead.
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See also
- Why Do We Have Different Kinds of Taxes?
- Why Do Prices Change So Much?
- Why Do We Use Money Instead of Bartering?
- Why Do Prices Go Up So Much When There's a Shortage?
- Why Do We Have Different Kinds of Coins?
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Categories: Economics · money,barter system,economics basics