THE ROLE AND USES OF MONEY: LIVE WITHOUT MONEY??

What is money??
Money can be defined as anything that people regularly use to buy goods and services from the other people. It can be anything accepted as a means of paying for goods or services or for paying off debts.
Money has one fundamental purpose in an economic system, to facilitate the exchange of goods and services, to lessen the time and effort required to carry on trade. A person living and working in complete isolation has no use for money. It cannot be eaten or worn or used to promote productive processes. Having no occasion to exchange either goods or services with others, such a person has no need money. Even if a dozen people lived together in isolation from all others, the use of money would be of limited benefit to them, they could barter their goods and services among themselves with little loss of time and effort. Money is only valued for what it will buy. It will be much easier now to recognize the true function of money as it has evolved through the ages.

Living without money??
The answer is that communities were so small that everything was shared out between them. This simple way of life came to an end when some people began to specialize in toolmaking or pottery and others framed cattle or cultivated crops.
Today some people in the developed wolrd are trying to go back to a society without money.

There is a lot of uses about money. This post of mine is a briefly talks about the money and to live without a money.

Stay upvoting my post. :)