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Patricia has a severe snake phobia. During systematic desensitization one of the things she will need to discuss with her therapist is how this phobia might have gotten started.
Medium of Exchange
An instrument used to facilitate the sale, purchase, or trade of goods between parties, for example, money or digital currency.
Planned Economy
An economic system in which the government or a central authority makes all decisions regarding the production and distribution of goods and services.
Barter Economy
An economic system where goods and services are exchanged directly for other goods and services without the use of money.
Coincidence of Wants
A situation in a barter system where two parties each hold an item the other wants, enabling a direct exchange without money.
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