This is the barter system.
what is a lack of goods and services called
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
Capital Goods.
medium of exchange and or bartering for goods
It's called TRADE BY BARTER.
Goods or services bought by a consumer are bought in the consumer market. The consumer market includes fast moving consumer goods, consumer durables, soft goods and services.
what is a lack of goods and services called
goods and services bought from other countries are called imports.
A business that produces goods or services is called an industry.
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
Capital Goods.
medium of exchange and or bartering for goods
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
It's called TRADE BY BARTER.
The hiring of labor power only results in the production of goods or services.
Market
Market