Examlex
The meaning of the abbreviation SOB is ________.
Unemployment
The failure to use all available economic resources to produce desired goods and services; the failure of the economy to fully employ its labor force.
Barter System
An economic system where goods or services are directly exchanged for other goods or services without using money.
Coincidence of Wants
A situation in a barter system where two parties each have a good or service that the other desires, allowing for a direct trade.
Division of Labor
The assignment of different parts of a manufacturing process or task to different individuals in order to improve efficiency and productivity.
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