0
It could be simple trading, bartering, or depending on the good, purchasing. A bartering economy is an economy that lacks money. Because there is no money, the agents in the economy only trade goods for other goods. This is called bartering. Calling it trade is a dictionary definition. Calling it purchasing is another dictionary definition, but could refer to how sometimes in a bartering economy one good becomes monetized (it acts like a currency). One good example of this is cigarettes in prisons.
What else can I help you with?
The exchange of one good or service for another is?
Trade. If you are trading one good or service for another, it is called bartering.
What is a good that one country sells to another?
That is called an export.
What is the name for a good brought into one country from another?
An ImportGoods are exported out of a country and imported into a different country. Goods that are brought in are called imports.An import is a good brought into one country from another.
A good or service that is foregone by choosing one alternative over another is called a?
opportunity cost
What is the difference between a substitute good and a complementary good?
A substitute good is one that can be used in place of another good whereas a complementary good is one that is used together with another good.
What do economists call exchanging one good or service for another?
When you trade one service for another it is called bartering.
What is the percentage charged for exchanging one kind of money for another called?
That is called 'agio' .
What is percentage charged for convenience of exchanging one kind of money for another?
agio
What is a system of exchange that involves exchanging one set of goods for another?
trade-off
The exchange of one good or service for another is?
Trade. If you are trading one good or service for another, it is called bartering.
What is one way supply and demand can affect the price of a good?
WELL, by exchanging money
What is a good brought into one country from another called?
exporting
What is a foreign exchange?
Foreign exchange or Forex refer to exchanging one country's currency by another country's currency.
What is a good that one country sells to another?
That is called an export.
How can you make money by exchanging currency?
You can make money by exchanging currency through a process called forex trading. This involves buying one currency and selling another in the hopes of making a profit from changes in exchange rates. Traders aim to capitalize on fluctuations in currency values to buy low and sell high, generating profits from the difference.
What is the definition of a good one country buys from another?
its called importing so, "Import"
What is the name for a good brought into one country from another?
An ImportGoods are exported out of a country and imported into a different country. Goods that are brought in are called imports.An import is a good brought into one country from another.
