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The exchange of goods and services between countries is known as?
all the answers are correct a+
What is the exchange or goods or services for what people need?
The exchange of goods or services for what people need is known as trade. In this process, individuals or businesses offer their products or services in return for other goods, services, or currency that fulfill their needs or desires. This system allows for the efficient allocation of resources, as it enables people to acquire what they cannot produce themselves. Ultimately, trade facilitates economic interaction and fosters relationships within and between communities.
What is Individuals who make and offer economic goods or services for sale are known as?
Producers
What are Individuals who make and offer economic goods or services for sale are known as?
Producers
What is the term for trade that is based on the exchange of goods rather than for money?
This is known as bartering.
The exchange of goods and services between countries is known as?
all the answers are correct a+
What is Individuals who make and offer economic goods or services for sale are known as?
Producers
What are Individuals who make and offer economic goods or services for sale are known as?
Producers
What is the exchange or goods or services for what people need?
The exchange of goods or services for what people need is known as trade. In this process, individuals or businesses offer their products or services in return for other goods, services, or currency that fulfill their needs or desires. This system allows for the efficient allocation of resources, as it enables people to acquire what they cannot produce themselves. Ultimately, trade facilitates economic interaction and fosters relationships within and between communities.
Individuals who make and offer economic goods or services for sale are known as which of the following?
producers
What is the term for trade that is based on the exchange of goods rather than for money?
This is known as bartering.
What is the exchange of goods without using money?
This is called the barter system.
What is an Exchange of commodities for money or other commodities?
just that; an exchange. Maybe a sale? its called a trade
Who are people who promised to work for a period of time in exchange for travel to the colonies?
The individuals were known as indentured servants.
Distinguish between financial and non financial transaction?
A financial transaction is an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset forpayment. It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if you exchange the goods at one time, and the money at another. This is known as a two part transaction, part one is giving the money, part two is receiving the goods.
Which economic system decide what to sell and what price?
If the government is deciding which goods to sell and at what price, it is known as a command economy. If individuals are deciding, it is known as a market economy.
Can you trade houses with someone?
Yes, it is possible to trade houses with someone through a process known as a house swap or a home exchange. This involves two parties agreeing to exchange their homes for a specified period of time, typically for vacation or temporary living arrangements.
