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Bartering was the most common form of ancient economies. How did the Phoenicians change the bartering system?
Phoenicians bartered goods to those located in various other cities across oceans. Babylonian's also developed an improved bartering system. Goods were exchanged for food, tea, weapons, and spices. ... When money was invented, bartering did not end, it become more organized
Barter affects the economic system. ... But when we barter, each trade is a "job" in itself; we become a businessperson who generates goods and services which we would have bought with the money from a job. Therefore: We can accept a lower-paying job which we enjoy, and make up the difference by bartering
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