An economy using money is more efficient that a barter economy because the use of money reduces the time spent searching for trading partners with a coincidence of wants and therefore more time can be spent producing goods and services.

Question

Quizplus · Accepted Answer

In a barter economy, individuals must search for someone who wants what they have and has what they want, which can be a time-consuming process. Money eliminates this search, allowing individuals to exchange goods and services more efficiently, freeing up more time for production.

An Economy Using Money Is More Efficient That a Barter