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Chapter 3: Demand and Supply Barter vs. monetary economy Barter â goods are traded directly for other goods Problems: requires double coincidence of wants large number of…

Documents Basic Concepts in Economics: Theory of Demand and Supply

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

Documents The Market System

No Slide Title The Market System 1 Barter â goods are traded directly for other goods Problems: requires double coincidence of wants Monetary economy has lower transaction…