Anonym Anonym
  • 25-09-2014
  • Business
Answered

traditional economies do not use ______ as a medium for trade

Answer :

JPiv
JPiv JPiv
  • 28-08-2015
Traditional economies do not use money or currency as a medium for trade.

Instead, such economies would use barter as the main medium for trade. This means that people would simply exchange goods for goods, without using money.
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TSO
TSO TSO
  • 01-09-2015
Traditional economies do not use money as a medium for trade.

Before money was even created, they followed the Barter system. But nowadays countries even buy stuff on loan.
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