BARTER SYSTEM

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Definitions

1. basically money is "an idea backed by confidence." The idea is that the exchange of goods or services kind for kind is too clumsy. To carry your dozen eggs all over town until you find someone who has bread he will exchange for your eggs so you can have bread is too clumsy. That is called a barter (trading) system and is used in primitive tribes. To solve this, men get the idea of making metal or slips of paper to represent the eggs and the bread. Thus you don't need to look all over town. (HCO PL 27 Nov 71)

2. Barter System