Economics

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Title: Economics

Essay Details:

Subject: Business

Author: Shirley M

Date: February 16, 2016

Level:

Grade: A

Length: 2 / 592

Essay text:

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. 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...

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