'A traditional economy is characterized by the supply of goods in which two people trade their possessions with each other. This is also known as _____.'

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asked Dec 26, 2016 18.4k views

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Rwozniak · Answer 1 · 2017-01-01T20:05:28+0000

This is called bartering.

Bartering is a specific exchange which is not a gift: the exchangers agree on what they will both give and take and how much.

'A traditional economy is characterized by the supply of goods in which two people trade their possessions with each other. This is also known as _____.'

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