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What are the advantages of the Barter System?
Simple System
More Mutual Co-operation
No Economic Disparities
All the above
- Simple System: The barter system is straightforward. People simply exchange goods or services that they have for goods or services they need, without involving complex transactions or currencies.
- More Mutual Co-operation: Participants in a barter system often have to communicate and negotiate directly. This can foster relationships and increase mutual cooperation and understanding between them.
- No Economic Disparities: In a barter system, the wealth isn't concentrated as it can be with money. Everyone exchanges what they have in a way where they perceive equal value, theoretically reducing economic disparities.
- All the above: Given the explanations above, each point is indeed an advantage.
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