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Answer to Question #35445 in Economics of Enterprise for adnilem
Question #35445
adams smiths talk about Truck, Barter, and Exchange here are some questions:
What is meant by "Truck,Barter, and Exchange"?
Why are transactions in a market not independent of each other?
Where do prices come from? Why is competition an important part of this process?
What is meant by "Truck,Barter, and Exchange"?
Why are transactions in a market not independent of each other?
Where do prices come from? Why is competition an important part of this process?
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