Why is money considered a better alternative to barter?

Money is considered a better alternative to barter primarily because it makes payments more efficient. In a barter system, individuals must find a mutual need where one party has what the other party wants; this can lead to complications and delays in transactions, known as the "double coincidence of wants." Money serves as a universally accepted medium of exchange, which simplifies transactions by eliminating the need for direct exchanges of goods and services. This efficiency facilitates trade, allowing individuals to focus on creating and providing their goods or services instead of spending time finding a suitable trading partner. Additionally, money can act as a unit of account and store of value, further streamlining economic activities.