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Economics
Essay specific features
Written by:
Margaret B
Date added:
April 8, 2017
Level:
University
Grade:
A
No of pages / words:
3 / 592
Was viewed:
7652 times
Rating of current essay:
Essay content:
The Chief decided that they would use clam shell for currency instead of trading.
The first type of economic system that they movie shows is a traditional system. A traditional economy is an economic system in which the allocation of scarce resources and other economic activity is the result of ritual habit or customs...
displayed 300 characters
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In other words a traditional economy is a barter or trade system, everybody decides WHAT WHEN and FOR WHOM. When the video first starts the Mochans had to trade all over the island to acquire what needed. After a while they had enough of trading the chief decided to switch to currency instead of trade...
displayed 300 characters
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