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What econimic system is characterized by an exchange of one product for another?
Wiki User
∙ 10y ago
Barter
Wiki User
∙ 10y ago
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Is Product differentiation exists in a market characterized by monopolistic competition?
Yes
What is exchange something for money?
The action of buying and selling goods and services is 'trade'. If you recieve the money, you are the seller, if you give recieve a product in 'exchange for money', you are trading as a buyer.
What determines supply and demand in the foreign-exchange market?
Supply and demand in the foreign-exchange market are determined by changes in many market variables, including relative price levels, real interest rates, productivity, product preferences, and perceptions of economic stability.
How does exchange rates affect the economy?
Exchange rates affect the economy by changing the price of exchanging or investing in other countries. For example, when the exchange rate of one country rises relative to another, they are now able to buy more goods from the foreign country but their exports also cost more to foreigners. Therefore, this increases imports, decreases exports by artifically altering the price of exporting and importing. Exchange rates, being related to interest rates, also affect investment and saving between different countries.
What is the level competition in a traditional economy?
In a traditional economy, people rely on barter or the exchange of one good for another good. In such an economy, the competition is any other valuable product that someone has to offer a dealer to rival what you have to offer.
What economic system is characterized by in exchange of one product for another1. Currency2. Barter3. Loan4. Free market?
lol
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.
How is jik made?
JIK is a brand of cleaning product. It is characterized as a bleach and is generally made with ammonia or another solvent.
What is product homogeneous?
This condition is characterized by all the firms in an industry producing a standardized product.
Can you return or exchange an product for a different product?
Generally you can return or exchange a product for a different product, but stores have their own policies. It is best to check those policies before purchasing anything.
What is a like-for-like exchange?
Like for Like Exchanges are undertaken in retail where you bring a product back and they can give you either the exact same product in exchange OR something by another manufacturer with the same specification. This is done where the seller has multiple suppliers of the same line and which have slight variations
Is Product differentiation exists in a market characterized by monopolistic competition?
Yes
What is the first step in the exchange process?
The first step in the exchange process is to provide a product
What was negative consequence of the columbian exchange?
A negative product of the Columbian Exchange was the transfer of diseases
Can I get a refund or another card for my misprinted one?
If you have purchased a faulty birthday card return it to the proprietor for a refund or exchange. The business owner can return the product as a defect.
Why was you refused a refund or exchange for a defective product?
arthurcschipper
What does borrowed mean?
when different places exchange product
