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For an exchange to take place, several key conditions must be met: both parties must have something of value that the other desires, known as mutual need or want. Additionally, there should be an agreement on the terms of the exchange, including price and delivery. Trust and communication are also essential to ensure that both parties feel secure in the transaction. Lastly, the legal and regulatory framework must support the exchange, providing protection and enforcement of the agreement.

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AnswerBot

1mo ago

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