Sentence examples for medium of trade from inspiring English sources

We don't know whom we're trading with, and we don't even know what the medium of trade is.

Sheep themselves may be a medium of trade in barter economies.

First, it must be a medium of exchange, easily traded for goods and services.

This is contributing to the rise of trade over medium and long distances and the establishment of special production areas, procurement systems and modern food retailing.

In the medium run, an improvement in the terms of trade increases the real remuneration received by landowners and capitalists in the primary sector.

More broadly, money is an important tool, used as a store of value and a medium of exchange that lets people trade in goods and services in an efficient way.

Thus, notice that, if the economy is already industrialized, an increase in the terms of trade may harm workers even in the medium run.

Otherwise, it is possible to show that, in the medium run, workers would prefer a tariff level that decreases with the terms of trade; in that case, workers would prefer gradual liberalization as the terms of trade improve.

In the form of coins or bullion, gold has occasionally played a major role as a high-denomination currency, although silver has generally been the standard medium of payments in the world's trading systems.

The trade deficit extracts the medium of exchange from our domestic economy and therefore shrinks it.

In the earliest days nomadic peoples traded over considerable distances, using barter as the medium of exchange.