How did the barter system, which was part of the economic system before the twentieth century, contribute to the development of the corporation?
a.) Bartering was seen as a tax dodge and was therefore eliminated, forcing those who used the system to find other ways to exchange goods.
b.) Bartering was only viable in small villages, but in the context of large cities, the need for a monetary system emerged, leading to new institutional types.
c.) Bartering left the holders of goods vulnerable to legal problems, which helped generate interest in corporations as a way to protect individuals and assets.
d.) Bartering as a system was not easily scaled to large numbers of people.
Answer: b.) Bartering was only viable in small villages, but in the context of large cities, the need for a monetary system emerged, leading to new institutional types.
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