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Trade one good or service for another is known as barter trade. This was the common type of trade in ancient days before money was introduced as a medium of exchange.

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Q: Trade one good or service for another?
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The exchange of one good or service for another is?

Trade. If you are trading one good or service for another, it is called bartering.


What is trade one good or service for another?

To trade one good or service for another is to barter. "Exchange" is the answer for the Ancient Egyptian packet.Trading goods and services is the transfer of ownership. This can the trade of many of things.


What do economists call exchanging one good or service for another?

When you trade one service for another it is called bartering.


Why do people trade and what is in it for them?

Trade is simply the trading of something for something else. This can be one good for another good, one good for money, one good for a service, a service for a good, money for a service, etc.And for how it helps them; well consider some civilization have too much of crops, rice or anything. What they will do? They will either store or sell it expecting money or wealth or exchange it with other goods.


Demand for one good or service that is determined by demand for another good or service is .?

derived demand


Demand for one good or service that is determined by demand for another good or service is?

derived demand


Which of these is one way to quantify value of a good service?

By finding the monetary value of something the person would willingly trade in exchange for the good or service <---Apex (:


What is a Complementary product?

A complementary good is one used in conjunction with another good or service.


What is one way yo quantify the personal value of a good or service?

By finding the monetary value of something the person would willingly trade in exchange for the good or service


Why do countries trade with one another?

to get good inports and exports to be used through their lives!!!


Profit and customer service do not go hand in hand?

Profit and customer service are inversely proportional to one another. If we are good at customer service then we will loose the profits.RegardsVenkat


A good or service that is foregone by choosing one alternative over another is called a?

opportunity cost