Economic Concepts: Barter, Currency, Supply, Demand

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the exchange of goods and services between two or more parties without using money

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barter

Front

paper money or coins circulating in an economy

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currency

Front

the number of products that a producer or seller is willing and capable to provide to buyers

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supply

Front

the amount of a product or service that consumers are willing and able to buy at a certain price and time

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demand

Front

a system by which a government provides money in a country's economy

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monetary system

Front

estimate the monetary worth of (something)

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value

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the difference between a business's total revenue and its total costs

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profit