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In an economy without money there would be much less economic activity because: Question 27 options: someone purchasing an item must find a seller who
In an economy without money there would be much less economic activity because: Question 27 options: someone purchasing an item must find a seller who specializes in producing the item and is willing to produce it for free. any two parties to a transaction must each have something the other wants and in the right quantities. As a result someone selling an item must convince a buyer to offer a certain quantity of gold in return. Since gold is scarce any two parties to a transaction must each be convinced they can trust the other party. Since trust can only be gained over time through multiple successful transactions money is an important determinant of real wealth and when it is lacking it is almost impossible for people to exchange goods and services
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