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international trade.to barterInternational tradeInternational trade
What else can I help you with?
Do countries still use barter system?
No. Barter System was one of the ancient ways of exchange of goods and services. Nowadays cash and currency has replaced the barter system. People usually pay for goods and services in money.
What is global trade?
Global Trade is the exchange of goods and services between countries. Also, global trade could be taken in the context that there are no barriers to trade, thus there is global 'free' trade between countries.
In which type of society do people have specialized jobs and exchange goods and services they produce for goods and services produced by other people?
complex
What is the main reason for people to exchange currency?
The main reason for people to exchange currency is to facilitate international trade and travel. Businesses need to convert their local currency into foreign currencies to import goods or services, while travelers exchange money to spend in different countries. Additionally, currency exchange allows investors to diversify their portfolios and take advantage of foreign market opportunities.
Is Irish people spending they're money in foreign countries called invisible exports?
No. An invisible export is Irish companies selling services to other countries. No physical products are involved, so it can be things like financial services or tourism.
What is a system in which people make and exchange goods and services?
commerce ?
Do countries still use barter system?
No. Barter System was one of the ancient ways of exchange of goods and services. Nowadays cash and currency has replaced the barter system. People usually pay for goods and services in money.
Why do people have to exchange?
To do business with people from other countries, or because they are travelling to other countries and need to buy things.
In which type of society do people have specialized jobs and exchange goods and services they produce for goods and services produced by other people?
complex
What is global trade?
Global Trade is the exchange of goods and services between countries. Also, global trade could be taken in the context that there are no barriers to trade, thus there is global 'free' trade between countries.
How will early people exchange good and services?
early people used what they possessed (food, clothing, animals, SKILL/SERVICE)in exchange for a product or item they desired (milk, carpet, clothing, jewelries, spice, veggies etc..) from someone else; this exchange was done WITHOUT any form of MONEY involved, for this reason the exchange was called "BARTER"
A money that people are willing to receive in exchange for goods and services is said to be?
acceptable
During the Middle Ages people who gave their services in exchange for land were?
peasants
Is Irish people spending they're money in foreign countries called invisible exports?
No. An invisible export is Irish companies selling services to other countries. No physical products are involved, so it can be things like financial services or tourism.
What does the resource market represent?
The resource market represent a platform for exchange. People are able to exchange their products or services for money at the market.
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.
Why do people have to exchange currency?
To do business with people from other countries, or because they are travelling to other countries and need to buy things.
