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Commodity Money
Commodity Money is a type of currency in which the value comes from a commodity of which it is made, such as gold or silver coins.
Largely Self-Sufficient
Describes an entity or community that can fulfill nearly all of its needs without external assistance.
Before Specialization
Refers to the economic state or condition prior to the allocation of resources towards the production of specific goods or services in which they have a comparative advantage.
Exchange
The act of trading goods, services, currencies, or other instruments of value between parties.
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