In Two To Four Sentences Explain Economies Of Scale

Question: barter

Answer: to exchange goods and services without the use of money

Question: competitor

Answer: person or group that rivals another

Question: exchange

Answer: to trade, or a market where buyers and sellers interact

Question: market

Answer: place where buyers and sellers exchange goods and services

Question: market share

Answer: a company’s sales divided by the total sales in the industry over a certain period of time

Question: trade

Answer: to exchange goods and services, with or without the use of money

Question: value

Answer: an item’s worth

Question: voluntary

Answer: willing

Question: A market _____

Answer: exists whenever buyers and sellers exchange goods and services

Question: Select all that apply.

Select the items that describe voluntary exchanges.

trading money for a car

occurs between individuals and countries

bartering baseball cards

being forced to give up your lunch

Answer: trading money for a car

occurs between individuals and countries

bartering baseball cards