Money is best defined as whatever serves society in three functions: medium of exchange, store of value, and unit of account.
Barter is best defined as a situation where two individuals each want some or service that the other can provide.
A double coincidence of wants is a situation where two individuals each want some or service that the other can provide.
<h3>What is money?</h3>
Money is anything that is accepted by the general public as a means of payment for products and for repayment of debt.
<h3>What are the functions of
money?</h3>
- Medium of exchange : money can exchanged for goods and services.
- Unit of account : money can be used to determine the value of goods and services
- Store of value : money can retain its value over the long term.
<h3>What is barter?</h3>
Barter is when people exchange goods with goods. For barter to occur, there has to be a double coincidence of wants. This means that someone has to have what you want and that person wants what you have.
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Greater understanding of your in tensions by those you lead
Answer:
Explanation:
The policy of tax cut will be less effective in country B than in country A since the value of the tax multiplier is lower in country B.
The multiplier effect refers to the increase in final income arising from any new injections.
Calculating the Multiplier Effect for a simple economy
k = 1/MPS
A = 1/0.1 =10
B= 1/.5=2
Answer:
D if this is anything related to business then there is always something that reviews everything and the most common term for it is Master scheduling.
Explanation:
Answer:
The correct answer is D
Explanation:
Lifestyle is stated or expressed in both leisure and work behavior patterns and in the values, activities, opinions, attitudes, interest and allocation of income. It also states the self image of the person.
In other words, it is the way of life created through individual, society, group or culture. It comprise of patterns of interest, work, consumption and interaction that define how the person spends their time.
So, in this case, the different in the lifestyle among Craig and Justin.