4. Traditional economies do not use _______________________________ as a medium for trade.

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01-10-2014
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4. Traditional economies do not use _______________________________ as a medium for trade.

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Gibbs Gibbs · Answer 1 · 2014-10-01T16:37:14-04:00

Gibbs Gibbs

01-10-2014

Traditional economies do not use money or currency as a medium for trade. Instead traditional economies are largely based on a system of bartering. In a system of bartering individuals trade excess goods that are produced for other goods or services that are needed.

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