In such a case, will the concept of money be wiped out from existence ?

  • AbouBenAdhem@lemmy.world
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    8 months ago

    Historically, barter only tends to appear in communities used to a monetary economy when something temporarily disrupts the currency system. The more common pattern of commerce within communities not previously accustomed to currency is that goods are given in one direction at a time, and incur an informal social debt that may be eventually be repaid with reciprocal goods or by some other means entirely (e.g., support during community disputes).