Examlex
How did trade affect the realities and expressions of power in different civilizations? Did more trade always create stronger states?
Trade by Barter
The exchange of goods or services between parties without the use of money as a medium of exchange.
Capital Goods
Long-term assets such as buildings, machinery, and equipment used by businesses to produce goods and services.
Division of Labor
Division of labor is the assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.
Productivity
A measure of average output or real output per unit of input. For example, the productivity of labor is determined by dividing real output by hours of work.
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