1. Answer: People didn't have to trade goods.
Explanation:
With a unitary currency, trading goods became easier. It also allowed people to have a standardized form of trading, where each commodity had the same value for everyone. Also, money it made possible for people not to have goods and still trade and buy stuff. It also allowed them not to carry their commodity around when they wanted to trade. Money was a precondition for open market and competition. Money was a starting point for credit system and banking.
2. Answer:
Paper money was easier to handle and carry around. It is also fictional because, it has no other value, but the value people gave it in order to recognize it as an official form of money. It is originally issued by banks, and is a legal requirement for buying commodity. First paper money originated in South-East Asia and China. A disadvantage for paper money is that it makes inflation possible, which is made financial crises, because the money loses all of its value.
3. Answer:
The best thing to put on the coin is a symbol of the state - a government's house, or some former leader - founding father of the country. This symbol should be on the back of a coin, while on the front there should be the amount of money this coin represents. While coins nowadays represent small amounts of money, there should be a denomination of 1 or 2 on the front side of the coin.
Answer: Tiit -for -tat strategy
Explanation:
Tiit -for -tat was introduced by Anatol Rapoport. He developed a strategy in which each participant in follows a course of action consistent with his opponent's previous turn. In other words, the opponents previuous moves are mimicked.This is an action is of mutual benefit. This strategy is an example of reciprocal altruism and cooperation.
Answer:
Democracy is a form of government in which the people have the authority to choose their governing legislation. A monarchy is a form of government in which a person, the monarch, is the head of state for life or until abdication.
people can live freely in demography but in monarchy people have to live under the rule of king
In a free enterprise system, what drives individuals to risk their savings in a business venture IS THE POTENTIAL FOR PROFITS.
In a free enterprise system, the forces of supply and demand is what determines what happen in the market, so there is a great potential for producers to make huge profits if they engage in producing the right products.The tendency of making profits is what makes many people to establish business in free enterprise system.
