How does the international world have/measure a set amount of money? What is the total sum of money in the world?
In: Economics
This breaks it down well for a generic “how much”
https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/D410312A-A5A6-11E5-8AE7-A86DAC7DE99F
But like the article says it’s hard to quantify what would or would be considered a monetary value, with many places on Earth utilizing a barter system of sorts where they’ll trade labor, goods, resources for labor good or resources. A lazy example of that would be I’d be willing to let someone live in my spare room for a month rent free if they would paint my house, and install my new floors and make the repairs needed in a prep to sell. Sure it would take me about a week and a half of doing it after work and the weekend to get it all done, but it’s value to have someone else do it isn’t worth paying but it’s worth letting a guy or gal sleep in my spare bedroom 🤷♂️
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