Why We Use Money Instead of Barter

Miacademy & MiaPrep Learning Channel

This educational video provides a comprehensive introduction to the concept of money, explaining its fundamental role in economics compared to the barter system. Hosted by a presenter who uses relatable examples, the video breaks down why direct trading of goods (barter) becomes inefficient in complex societies and how money solves the "double coincidence of wants" problem. It distinguishes between the abstract concept of money as a system of value and currency as the physical manifestation of that value.