From Barter Economies to Market Economies

The currency of the barter economy was goods. Often an exact measure of the goods under exchange was neither feasible nor critical. The currency of the modern economy is money. Ability to measure it exactly is critical, as not only the amounts could now be large but also the transfer is instant.

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Money - The Lifeline of Economies

Civilisations developed along rivers and sea side. The river water nourished life and the sea nourished trade. Water remains critical and will always be so. But water can now be transported. SImilarly ports are now accessible from far and air freight has complemented trade in a big way. The engine of all this is fueled by money. Money is the new water.

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