Why People Trade Flashcards

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1
Q

What is trade?

A

The exchange of goods through selling and receiving

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2
Q

What does exchange mean?

A

To give something and receive something in return

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3
Q

What are foods?

A

Things that people buy and sell

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4
Q

What does it mean to swap?

A

To exchange one thing for another

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5
Q

What does Barter mean?

A

To swap goods of equal value

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6
Q

What is value?

A

How much something is worth

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