An economy without monetary exchange is called
A) a primitive economy.
B) a barter economy.
C) a socialist economy.
D) an autarky economy.

Question

Quizplus · Accepted Answer

A barter economy is an economy in which goods and services are exchanged for other goods and services, without the use of money. In such an economy, individuals have to find and negotiate trades, which can be time-consuming and inefficient. While barter systems may still occur to a limited extent within modern economies, they are not efficient or widespread enough to replace monetary exchange entirely.

An Economy Without Monetary Exchange Is Called