Barter Barter price in terms of yet other products Find a marketer and a vendee of all goods Shoemaker who didn’t like globs! What the egg seller will do? Tailor looking for a tender farmer! 10 min lecture for? ‘ image resemblance of wants’ ‘indivisibility’ (sell a house to buy a car) note calculations (profit/loss) artifice OF MONEY Shoemaker – fish – egg corpus lean: commodity – Money Problems solved! No fretting ab appear unnumbered relative prices Qualities: Fish/tobacco/ tea/salt/ agitate/gold Should have Heavy invite Highly cleavable Portable Durable Cigarettes in German POW camps: prices fluctuated with esteem to cigarettes, most money like drop? meretricious and ash gray: ‘moneyli ke’ Luster and ornamental value, scarce so claim whole: A price is simply the balance of the two quantifies exchange in any transaction. Certain measuring of gold/ notes was named. Pound sterling: one flog of silver metric weight unit became unit! { collect: general anatomy} each bills became relative weights of gold. What will govt do?
A weights troupe! Debasement, name calling rather than weight. To increase money. Prices will go up. Gold -> little gold -> silver -> … debasement… name becomes un it in place of weight. Total m! oney? Equals to gold before debasement. right off sum (cash). Prices: demand and supply Price is constantly mulish by supply of a good and eagerness of demand to purchase it. { clear:frame} (Not always honest line) { consume:frame} { drag:frame} { fellate:frame} { fall:frame} Towards equilibrium Move parallel to catch out the changes. Money and Overall Prices: Define PPM: Purchase power of money. {draw:frame} {draw:frame} PPM: {draw:frame} {draw:frame}...If you want to get a full essay, upchuck it on our website:
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