Examlex
FIGURE EX 12-1 Item 2 in Figure EX 12-1 above shows a ____.
Barter
The direct exchange of one good or service for another good or service.
Medium of Exchange
An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.
Specialization Restrictions
Limitations or regulations set on the extent to which individuals or entities can focus on producing a particular product or service.
Centrally Planned Economies
Centrally planned economies are those in which the government or central authority makes all decisions regarding the production and distribution of goods and services.
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