Chapter 3: Demand and Supply. Barter vs. monetary economy Barter – goods are traded directly for other goods Problems: requires double coincidence of.
Basic Concepts in Economics: Theory of Demand and Supply Discussant : Md. Alamgir Assistant Professor, BIBM.
Barter – goods are traded directly for other goods Problems: ◦ requires double coincidence of wants Monetary economy has lower transaction and information.
