Global interdependence
goods are tangible and transferable , services are not
factors of production
Market
Market
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
Global interdependence
goods are tangible and transferable , services are not
factors of production
Economic Resources
It means there is an outstanding debt for some goods or services you have received.
There may have been monetary costs, but just as often as not tradesman used barter as a means to exchange services for services, goods for services or goods for goods. In other words, they traded.
It means a person who uses goods and services
Market
Market
barterThe trade goods and service means to transfer the ownership of something. This could be trading many different goods that you own.
Trading in country means that the exchange of goods and services takes place within one given country. Trading with country on the other hand means you exchange goods and services with a different country.