The barter system
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The document discusses bartering as an exchange of goods without money, and proposes creating an online barter portal that would allow people worldwide to exchange products, assigning value to goods. The portal aims to save money and materials while benefiting those who cannot afford new items, and would address privacy and security issues.
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Money originated from the Latin word 'MONETO' and can be defined as any commodity that is generally accepted for exchange and as a measure of value. The primary functions of money are as a medium of exchange to purchase goods and services, and as a measure of value to compare the worth of different commodities. Secondary functions include acting as a standard for deferred payments, a store of value for present and future needs, and allowing the transfer of purchasing power across locations.History of money and types with features. 
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This document discusses the history and functions of money. It begins by outlining the evolution of money from early bartering systems to modern digital currencies. Some of the milestones mentioned include the use of shells as early as 1200 BC, the development of coinage around 600 BC, the introduction of paper money in China in the 9th century, and more recent innovations like credit cards and digital payment systems.
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The document traces the historical development of money from bartering of goods to modern currencies. It begins with bartering where goods were directly exchanged for other goods. Shells then emerged as the first medium of exchange. Later, coins made of metals like silver and imprinted with images became widely used as standardized money. Paper money was developed later, and most currency today is in the form of paper notes and coins, though future money may be digital. The key advantages of money over bartering are its portability, durability, divisibility and limited availability.The barter system
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The document discusses the barter system, one of the earliest forms of exchange where goods and services were directly traded for other goods and services. The barter system dates back to around 6000 BC and originated out of necessity for early civilizations. As wants and desires became more complex, specialization of labor developed and bartering allowed for the exchange of surpluses. Though simple and flexible, bartering also had disadvantages like the lack of a common measure of value and difficulty storing value. The document then briefly introduces the concept of credit cards which originated in the 1920s as a system to overcome some limitations of bartering.BARTER SYSTEM
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The document discusses the barter system and its inconveniences. It defines the barter system as a direct exchange of goods or services without the use of money. It then lists and provides examples of 9 inconveniences of the barter system: 1) lack of coincidence of wants where the goods being traded are not always wanted by both parties, 2) lack of a common measure of value to assess the worth of goods, 3) inability to subdivide goods when trading items of unequal value, 4) lack of a store of value since goods spoil or lose value over time, 5) difficulty with future payments or credit since goods exchanged may no longer have value later, 6) challenges transferring wealth between locations, 7)Barter system
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Barter is the oldest system of trading where goods and services are exchanged directly without money. Under a barter system, there must be a "double coincidence of wants" where both traders have something the other wants in order to complete a trade. Other problems with barter include a lack of a common store of value as some goods are perishable, a lack of divisibility as commodities cannot always be divided into small units, and a lack of a common measure of value to assess the worth of different commodities. The difficulties of barter led to the invention of money as a common medium of exchange.Functions Of Money
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Bartering and commodities like cattle and seeds were some of the earliest forms of money. Cowry shells were used as currency in China in 1200 BC, while metal tools were used as early metal currency in China around 1000 BC. Silver became used as currency imprinted with rulers' faces in 500 BC Turkey. Paper money originated in China between the 9th-15th centuries before disappearing, while gold became the standard currency backed by weight in 1816 Britain and 1900 America. Modern currency has evolved to coins and paper notes, with future forms potentially including payment cards and microchips in jewelry.Paper money and Quality of Paper Money 
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I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
For Order Online:
Whatsapp: +923452502478
Portfolio Link: https://blueprismacademia.wordpress.com/
Email: arguni.hasnain@gmail.com
Follow Me:
Linkedin: arguni_hasnain
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This document provides an overview of money and its functions. It defines money and outlines its main functions, which include being a medium of exchange, measure of value, store of wealth, and enabling future payments and economic activities. The document also discusses the evolution of money from commodity to metallic to paper to electronic forms. It lists the key qualities of good money, such as acceptability, transferability, stability, and divisibility. Finally, it describes the barriers of the barter system and highlights the important role money plays in daily life and the economy.Appreciation and Depreciation of currency
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The document discusses currency appreciation and depreciation. It defines currency appreciation as an increase in the value of one currency relative to another due to factors like government policy, interest rates, and trade balances. As an example, it discusses the Chinese yuan appreciating 33% against the US dollar from 2005. Currency depreciation is defined as a fall in a currency's value relative to others due to economic or political instability. Recently, Turkey's lira depreciated over 40% against the dollar from January to August 2018 due to fears over Turkish debt and increased US tariffs.Money
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This document defines money and discusses its key functions. It notes that money acts as a medium of exchange, unit of account, standard of deferred payment, store of value, and means of transferring value. The document outlines different forms of money including cash money created by central banks and credit money created by commercial banks through loans. It also discusses quantity theories of money, how money supply is measured, and references for further reading on macroeconomic topics related to money.Presentation on Substitute Goods.
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Bartering and commodities like cattle and seeds were some of the earliest forms of money. Cowry shells were used as currency in China in 1200 BC, while metal tools were used as early metal currency in China around 1000 BC. Silver became used as currency imprinted with rulers' faces in 500 BC Turkey. Paper money originated in China between the 9th-15th centuries before disappearing, while gold became the standard currency backed by weight in 1816 Britain and 1900 America. Modern currency has evolved to coins and paper notes, with future forms potentially including payment cards and microchips in jewelry.Paper money and Quality of Paper Money
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The document discusses the evolution of money from barter systems to modern digital currencies. It traces the development from commodity money used in early barter systems, to metallic coins, paper money, credit money issued by banks, electronic money used for digital payments, and most recently cryptocurrencies like Bitcoin. Each new form of money emerged to address limitations of previous forms as economies became more complex with globalization and advances in technology. The functions of money are also outlined, including primary functions like serving as a medium of exchange and store of value, and secondary functions like enabling the transfer and standardization of value.Lecture 1: Introduction to International Trade
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6. World Market analysis and Potentialities
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Bartering of livestock began around 9,000-6,000 BC as one of the earliest forms of exchange. Around 1200 BC in China, shells became the first official form of money used. Ancient Chinese coins from around 1000 BC had holes in the middle so they could be strung together more easily. Around 500 BC, coins made of silver emerged as the earliest coins, first appearing in the region of Lydia, now Turkey. Paper currency developed in China in the 9th-15th centuries but excessive printing led to inflation. Gold became the global monetary standard starting in 1816 but many countries abandoned it during the Great Depression in the 1930s. Digital payments may eventually replace physical currency.Barter ¨C The Know How
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Barter is the exchange of goods or services between two parties without using money. It has evolved from early systems used by tribes to a modern form facilitated by commercial trade exchanges. Trade exchanges provide record keeping and matchmaking services to help businesses barter unused inventory and services to increase sales and efficiency. Barter has grown globally and allows companies to reduce cash outlays and liquidate excess stock while opening new markets.Supply, Demmand, and Market Equlibrium
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The document defines key economic concepts: demand refers to how much consumers want to buy at different prices, while supply refers to how much producers want to sell. Both demand and supply are represented by curves that shift due to various influences. Market equilibrium exists when demand and supply are equal, where the quantity demanded equals the quantity supplied. The equilibrium price clears the market.Evolution of Money
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I¡¯m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
For Order Online:
Whatsapp: +923452502478
Portfolio Link: https://blueprismacademia.wordpress.com/
Email: arguni.hasnain@gmail.com
Follow Me:
Linkedin: arguni_hasnain
Instagram : arguni.hasnain
Facebook: arguni.hasnain
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Unlock AI Creativity: Image Generation with DALL¡¤EExpeed Software
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Discover the power of AI image generation with DALL¡¤E, an advanced AI model that transforms text prompts into stunning, high-quality visuals. This presentation explores how artificial intelligence is revolutionizing digital creativity, from graphic design to content creation and marketing. Learn about the technology behind DALL¡¤E, its real-world applications, and how businesses can leverage AI-generated art for innovation. Whether you're a designer, developer, or marketer, this guide will help you unlock new creative possibilities with AI-driven image synthesis.30B Images and Counting: Scaling Canva's Content-Understanding Pipelines by K...
30B Images and Counting: Scaling Canva's Content-Understanding Pipelines by K...ScyllaDB
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Scaling content understanding for billions of images is no easy feat. This talk dives into building extreme label classification models, balancing accuracy & speed, and optimizing ML pipelines for scale. You'll learn new ways to tackle real-time performance challenges in massive data environments.DealBook of Ukraine: 2025 edition | AVentures Capital
DealBook of Ukraine: 2025 edition | AVentures CapitalYevgen Sysoyev
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The DealBook is our annual overview of the Ukrainian tech investment industry. This edition comprehensively covers the full year 2024 and the first deals of 2025. UiPath Automation Developer Associate Training Series 2025 - Session 2
UiPath Automation Developer Associate Training Series 2025 - Session 2DianaGray10
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In session 2, we will introduce you to Data manipulation in UiPath Studio.
Topics covered:
Data Manipulation
What is Data Manipulation
Strings
Lists
Dictionaries
RegEx Builder
Date and Time
Required Self-Paced Learning for this session:
Data Manipulation with Strings in UiPath Studio (v2022.10) 2 modules - 1h 30m - https://academy.uipath.com/courses/data-manipulation-with-strings-in-studio
Data Manipulation with Lists and Dictionaries in UiPath Studio (v2022.10) 2 modules - 1h - https:/academy.uipath.com/courses/data-manipulation-with-lists-and-dictionaries-in-studio
Data Manipulation with Data Tables in UiPath Studio (v2022.10) 2 modules - 1h 30m - https:/academy.uipath.com/courses/data-manipulation-with-data-tables-in-studio
?? For any questions you may have, please use the dedicated Forum thread. You can tag the hosts and mentors directly and they will reply as soon as possible. Endpoint Backup: 3 Reasons MSPs Ignore It
Endpoint Backup: 3 Reasons MSPs Ignore ItMSP360
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Many MSPs overlook endpoint backup, missing out on additional profit and leaving a gap that puts client data at risk.
Join our webinar as we break down the top challenges of endpoint backup¡ªand how to overcome them.UiPath Automation Developer Associate Training Series 2025 - Session 1
UiPath Automation Developer Associate Training Series 2025 - Session 1DianaGray10
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Welcome to UiPath Automation Developer Associate Training Series 2025 - Session 1.
In this session, we will cover the following topics:
Introduction to RPA & UiPath Studio
Overview of RPA and its applications
Introduction to UiPath Studio
Variables & Data Types
Control Flows
You are requested to finish the following self-paced training for this session:
Variables, Constants and Arguments in Studio 2 modules - 1h 30m - https://academy.uipath.com/courses/variables-constants-and-arguments-in-studio
Control Flow in Studio 2 modules - 2h 15m - https:/academy.uipath.com/courses/control-flow-in-studio
?? For any questions you may have, please use the dedicated Forum thread. You can tag the hosts and mentors directly and they will reply as soon as possible. Backstage Software Templates for Java Developers
Backstage Software Templates for Java DevelopersMarkus Eisele
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As a Java developer you might have a hard time accepting the limitations that you feel being introduced into your development cycles. Let's look at the positives and learn everything important to know to turn Backstag's software templates into a helpful tool you can use to elevate the platform experience for all developers.The barter system
- 2. ? Bartering is a system of exchange of some goods with other goods, where no money is involved.
- 3. ? In order to barter successfully, we have to assign value to our goods. Value is what we think something is worth.
- 4. ? We want to provide things which would have been equal in value if the mode of exchange had been by barter, are worth equal sums of money. The introduction of money is a mere addition of one more commodity, of which the value is regulated by the same laws as that of all other commodities. By providing for this: ? Lots of money would be saved all around the world. ? Lots of materials would be saved. ? People who cant afford to buy new commodities will be benefited.
- 5. ? The idea is to launch an online barter portal which will provide a platform for all the people across the globe to come and exchange the products.
- 8. ? Privacy and Security issues will also be taken into account.