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The capitalist system or "market economy" uses trade. You earn money where you want and use it to buy what you want (trading money for goods). It is possible that the question is looking for an answer of a "barter economy" where people trade goods and services directly without the use of currency (I give you 1 cow for 5 sheep).
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Which statement about feudal economic system is true?
One thing that can be said about a feudal economic system is that it is more of a barter trade system.
What kind of economic system would the Minoans be working uder today be working under?
What kind of economic system the Minoans would be working under today is still probably trade. All they used to do was trade.
How did the government regulation of trade limit economic growth under the system of mercantilism?
It prevented the expansion of trade with other countries.
Economic system in which nations develop a favorable balance of trade by exporting more than importing?
balance of trade
What are the four types of trade barries?
emigrants, refugees, natural resources and the economic system
Why did al-Qaeda attack World Trade Centers?
They saw them as symbols of American economic might.
What kind of economic system do Greece have?
they have trade
How were towns in the southern colonies?
The towns were small fishing villages, trade markets, or centers of economic activity.
What is the economic system?
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
What does economic system?
The term "economic system" refers to the method by which trade and business organizations are regulated by the state.
Which statement about feudal economic system is true?
One thing that can be said about a feudal economic system is that it is more of a barter trade system.
What were the major cities (in Italy) that emerged as great economic centers of trade after the Black Death?
Milan, Genoa, Venice, and Florence
Which economic system is basedon free trade and cometition?
ideal capitalism
What kind of economic system would the Minoans be working uder today be working under?
What kind of economic system the Minoans would be working under today is still probably trade. All they used to do was trade.
What is the economic system in which a state controls trade and profit for good of state?
capitalism
What is the economic system where businesses are free to trade with little governmental control?
Market
When was World Trade Centers Association created?
World Trade Centers Association was created in 1970.
