18.4k views
1 vote
'A traditional economy is characterized by the supply of goods in which two people trade their possessions with each other. This is also known as _____.'

User Francois C
by
7.8k points

1 Answer

3 votes
This is called bartering.

Bartering is a specific exchange which is not a gift: the exchangers agree on what they will both give and take and how much.
User Rwozniak
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.