Documents Chapter 3: Demand and Supply. Barter vs. monetary economy Barter – goods are traded directly for.....

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Documents Basic Concepts in Economics: Theory of Demand and Supply Discussant : Md. Alamgir Assistant...

Slide 1 Basic Concepts in Economics: Theory of Demand and Supply Discussant : Md. Alamgir Assistant Professor, BIBM Slide 2 Definition of economics Economics, the Science…

Documents Barter – goods are traded directly for other goods Problems: ◦ requires double coincidence of.....

Slide 1 Slide 2  Barter – goods are traded directly for other goods  Problems: ◦ requires double coincidence of wants  Monetary economy has lower transaction…