Asked by Shubhansh Singh on May 03, 2024
Verified
Barter was more feasible in primitive societies than in modern societies because:
A) there was no inflation in primitive societies.
B) there were many goods available for trade in primitive societies,so people could always find the goods that they wanted.
C) specialization was limited and thus there were few goods available for trade in primitive societies.
D) specialization was limited and thus there were many goods available for trade in primitive societies.
E) people in primitive societies had limited wants.
Limited Specialization
A situation in which individuals or entities focus on a restricted range of products or services to gain greater efficiency, but do not specialize to the extent that they produce only one good or service.
Primitive Societies
Early human communities characterized by simple social structures and technologies.
Feasible
Capable of being done or achieved; possible to do easily or conveniently.
- Recognize the limitations and challenges of barter systems.
- Grasp the essential role that specialization and the segmentation of work play in economic transactions.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
C
Explanation :
In primitive societies, specialization was limited, which meant that people had to be self-sufficient and could not rely on others for certain goods or services. This resulted in a limited number of goods available for trade, which made bartering more feasible. In modern societies, specialization is much more common, which means that people can specialize in one field and trade their goods or services in exchange for the goods or services of others. This makes bartering less necessary and less practical.
Learning Objectives
- Recognize the limitations and challenges of barter systems.
- Grasp the essential role that specialization and the segmentation of work play in economic transactions.