Exchange economy
id:
exchange-economy-196-17894575
title:
Exchange economy
text:
Exchange economy is technical term used in microeconomics research to describe interaction between several agents. In the market, the agent is the subject of exchange and the good is the object of exchange. Each agent brings his/her own endowment, and they can exchange products among them based on a price system. Two types of exchange economy are studied: In a pure exchange economy, all agents are consumers; there is no production and all agents can do is exchange their initial endowments. In da
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Exchange_economy
date created:
date modified:
2024-03-07T21:13:52Z
main entity:
{"identifier":"Q11900005","url":"https://www.wikidata.org/entity/Q11900005"}
image:
fields total:
13
integrity:
13