Examlex
A grassland biome
Barter Situation
A trade system where goods or services are exchanged directly for other goods or services without the use of money as a medium of exchange.
Commodities
Basic goods used in commerce that are interchangeable with other goods of the same type.
Standard of Value
A base for comparison that allows the determination of the economic value of goods and services.
Short Run
A period in economics during which some factors of production are fixed, limiting the immediate ability of businesses to expand or change production levels.
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