Question

In 1 or 2 sentences, describe how legal contracts provide incentives for people to exchange goods and services

Answer 1

. market place where buyers and sellers exchange goods and services ... But, this is just one kind of currency. In fact ... Select the items that describe voluntary exchanges. ... When people buy something, they value it than it costs them. ... liability legal obligation to repay a debt

Answer 2

Step-by-step explanation:

Legal contracts provide legal certainty in business, that is, through contracts it is possible to have reliability between the parties. Thus, contracts are an important part of a capitalist economy, as the legal certainty they provide encourages greater trade in goods and services.