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...Lc economics www thebusinessguys ie money it would be almost impossible for an individual to supply of his own needs i e self sucient exchange and trade is important concept in people specialise by providing a factor producaon return payment income this always they can then swap the goods services that require existance crucial allow workers producing what are good at get from their work other things wish have remember specialisaaon makes more producave allows produce quanaty produced denes wealth naaon which theory society richer short run least eect level as such output economy therefore if amount available cause also standard living country many macroeconomic interest g growth rates inaaon we will see later chapter ones how eects these variables but before look anything generally accepted majority func ons medium buy or between buyers sellers buying selling broken into two disanct acaviaes means no barter required measure value enables price put on store save future order make purch...