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…

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…