Would the world be better with bartering? Why? Why not?
- babyboomer1001Lv 71 month ago
No. We'd never get the items we need or want. Bartering works in very few cases. Much more often, people do not have what we want or need and we don't have what they want or need.
- tiescoreLv 61 month ago
Good lord no....
- regeruggedLv 71 month ago
Not. We would not be able to buy anything on credit. If you want to buy a house or a car, what would you trade for them and with whom.
- danxp2Lv 61 month ago
From a human centered economic lense no. Barter requires that I want what you have right now, and you want what I have, or to get a long chain of trading that takes so much time is taken up finding these people to trade that effort and productivity plummets.
That said would the planet earth be better off if bartering was only used, so much time would be spent bartering the ecological destruction humans create could very well be cut significantly... so it really depends on what you mean by the world.
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- L. E. GantLv 71 month ago
The biggest problem with bartering is that one requires the goods to be available immediately. So, you trade X for Y, either directly or with some kind of premium.
But, what happens with, say, a farmer who has crops in a field? The usefulness depends on how ripe the crops are -- it might be six months before the crops are ripe for harvesting, but the farmer might need the stuff immediately....