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Essay

Economics

Essay specific features

 

Issue:

Business

 

Written by:

Margaret B

 

Date added:

April 8, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 592

 

Was viewed:

7641 times

 

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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...
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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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