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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.
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
What are the main factors of wealth creation in the world?
The exchange of goods and service from one object to another object.
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
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.
Trade one good or service for another?
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.
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.
What do economists call exchanging one good or service for another?
When you trade one service for another it is called bartering.
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
What is an exchange of one good or service for another Lydians and Phoenicians?
The exchange of one good or service for another is known as barter. In ancient times, the Lydians and Phoenicians engaged in barter as a primary means of trade, exchanging goods such as textiles, metals, and luxury items. The Lydians are also credited with creating one of the first standardized coins, which facilitated trade by providing a common medium of exchange, while the Phoenicians were renowned for their extensive trade networks across the Mediterranean. Together, these practices laid the groundwork for more advanced economic systems.
What are the main factors of wealth creation in the world?
The exchange of goods and service from one object to another object.
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 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
Internet Exchange Point?
An Internet Exchange Point (IXP) is a physical infrastructure that enables different Internet Service Providers (ISPs) and networks to connect and exchange Internet traffic with one another.
What system is the exchange of one product for another?
Barter is a system of trade where people exchange good or services without the involvement of money.
