In early America, a traditional market structure existed when A) merchants purchased goods from England. B) farmers sold produce in markets in towns. C) people bartered goods they produced for goods they needed. Eliminate D) people set up guilds to regulate specific industries, like mason

Question

Katherine Little

Business

28 October, 20:57

In early America, a traditional market structure existed when A) merchants purchased goods from England. B) farmers sold produce in markets in towns. C) people bartered goods they produced for goods they needed. Eliminate D) people set up guilds to regulate specific industries, like mason

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Answers (2)

Know the Answer?

Darion Bauer · Answer 1

the answer is "c" ...

Aedan Crawford · Answer 2

In early America, a traditional market structure existed when people bartered goods they produced for goods they needed.

Explanation:

Bartering is the mechanism between two entities without the use of cash in the exchange of trading products or services. When people trade, they are all benefited by receiving goods or services that they need or want.

Bartering does have a benefit as there is something that even people with no money could get for them. Bartering may include exchanging an object for a service.

For eg, in return for a tin of apples from either a tree in their yards you might agree to work for somebody. If you choose to trade for a need, you can save cash for other requirements.