Commodity economies in today`s` society

This paper concentrates on the primary theme of Commodity economies in today`s` society in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 79. For more details and full access to the paper, please refer to the site.

Imagine this: each community in the country is suddenly responsible for designing its own local commodity-based financial system, and you have been assigned the task of choosing what commodity your community will use and how it will be implemented.

Please answer:
1. What commodity would you choose, and why would it work for your community?
2. In your commodity-based system, what would be the price for a gallon of milk? How did you come up with this price?
3. In this system, who would the financial intermediaries be?
4. What are the inevitable limitations of this system, particularly when it comes to dealing with trade to other communities?
5. When looking at commodities, you will find that these are things that have particular value. Why do we want to consume more commodities when there is inflation?

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