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Trade
Swapping things
Trading means swapping things. You give fish, you get water. Both people are happy! But what if nobody wants your fish? You are stuck. That is why we need money — one thing everyone wants.
What you will learn
- ● Barter
- ● Double coincidence problem
- ● Trade chains
- ● Why trade helps everyone
Teach a Friend
The best way to know you understand something is to explain it.
Your friend asks: "Why can't we just swap things instead of using money?" Explain why barter breaks down.