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What economy is where goods and services are traded?
In a Traditional economy goods and service are either by sharing or trading.
How are goods and services produced in a traditional economy?
Printing used to be a service historically
What is produced and exchanged in the real sector?
Goods and Services
What is a organized way for goods and services to be exchanged?
Bartering
It is a system whereby goods are produced and exchanged?
An economic system is one in which goods are produced and traded. It outlines how a community distributes goods and services, plans production, and allots resources. Traditional, command, market, and mixed economies are common types; each has distinct roles for markets, the government, and individual choice in the decision-making process.
What economy is where goods and services are traded?
In a Traditional economy goods and service are either by sharing or trading.
What is a major of traditional economy?
Bartering for goods and services
What is a major feature of traditional economy?
Bartering for goods and services
What are good things about traditional economy?
obviously because traditional economy shares all there goods and services which is fair and it causes no pollution
How are goods and services produced in a traditional economy?
Printing used to be a service historically
Traditional economies are also known as?
barter economies where goods and services are exchanged without the use of money.
What was the role of currency in Mesopotamia's economy?
Currency did not exist in Mesopotamia. Instead, the economy relied on a barter system where goods and services were exchanged directly without the use of money.
Who made the first advertisements?
The person who first exchanged goods or services for other goods or services
What is produced and exchanged in the real sector?
Goods and Services
What is a organized way for goods and services to be exchanged?
Bartering
What is exchanged for money in the circular flow?
goods and services
It is a system whereby goods are produced and exchanged?
An economic system is one in which goods are produced and traded. It outlines how a community distributes goods and services, plans production, and allots resources. Traditional, command, market, and mixed economies are common types; each has distinct roles for markets, the government, and individual choice in the decision-making process.
