Is a world without currency possible?

No ,its not possible as its the most common way of exchange . But the world would have been a great place to live in without money .

What would happen if we had no currency?

If there was no money people wouldn’t really want to work anymore. They would rather spend time with their friends and family. The reason why many people will stop working is also because they won’t really see a reward at the end of the day. And if everyone stopped working, think about what would happen to the world!

What will happen to the economy without money?

Without money there would be less trade and therefore less specialization and productive inefficiency. Therefore, from the same quantity of resources, LESS would be produced . Money avoids the double coincidence of wants and allows for more specialization and productive efficiency.

Can the world function without money?

Yes the world can function but our lives will probably be unrecognizable. Without money to facilitate buying and selling, human life will likely revolve around a strong theme of self-sufficiency. What we can’t get in exchange for labor or possessions we’ll make ourselves or grow.

Should the world have a single currency?

Although many were surprised by this unusual announcement, the idea of a world currency is certainly not a new one. In fact, one of the most frequently cited backers of a single currency is the legendary economist John Maynard Keynes. Many of Keynes’ ideas have moved in and out of favor over the past 70 years.

Could a global currency really work?

Many of Keynes’ ideas have moved in and out of favor over the past 70 years. But could one global currency really work? Among the benefits of a global currency would be the elimination of currency risk and conversion costs in international trade and finance.

Is money good or bad in nature?

Money by itself is neither good or bad. It is not the source of all things evil. It is just a medium of exchange, plain and simple. Don’t let religion brain wash you into thinking that money is somehow bad and the people who has a lot of money are evil and the world is better off without money.