Market Evolution

Introduction Definition of Market Appearance of Currency Government Intervention Self-regulating Market Market’s New Form Bartering could not fully satisfy their needs and wants Barter starts Foreign trade starts and Local market appears No competition between goods Similar characteristics Currency has three roles Method of payment Method of saving Measure of value Market Competition All productions have the purpose of selling in a market, and all incomes are generated from the sales within the market as well. Block Economy Transcend of Space Free Trade Agreement (FTA) Economy Community (EU) Tariffs Using Internet