Understanding Transaction and Trade

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=DsW31fbva-M

Did you ever trade baseball cards as a kid? Or maybe you didn't like your lunch, and traded it with someone else. We all understand trade in this context, exchanging one thing for something else. But any sale is also considered a trade. When we exchange money for goods or services, we are participating in a transaction. This is something that is done between a producer and a consumer, and middlemen, or dealers, can sometimes be involved. Governments can interfere with trade, in the way of tariffs and quotas. What are these, exactly? Let's get a closer look now! • Script by Matt Beat: / iammrbeat • Animation by Ignacio Triana: / unraveled • Watch the whole Economics playlist: http://bit.ly/ProfDaveEcon • Mathematics Tutorials: http://bit.ly/ProfDaveMath • American History Tutorials: http://bit.ly/ProfDaveAmericanHistory • History of Drugs Videos: http://bit.ly/ProfDaveHistoryDrugs • General Chemistry Tutorials: http://bit.ly/ProfDaveGenChem • Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1 • EMAIL► [email protected] • PATREON► / professordaveexplains • Check out Is This Wi-Fi Organic? , my book on disarming pseudoscience! • Amazon: https://amzn.to/2HtNpVH • Bookshop: https://bit.ly/39cKADM • Barnes and Noble: https://bit.ly/3pUjmrn • Book Depository: http://bit.ly/3aOVDlT

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