18.1.1 Economics of Agricultural, Industrial, and Postindustrial Societies

QuestionAnswer
a process where people exchange one form of goods or services for another
bartering
an economic policy based on national policies of accumulating silver and gold by controlling markets with colonies and other countries through taxes and customs charges
mercantilism
an object that a society agrees to assign a value to so it can be exchanged as payment
money
farming where farmers grow only enough to feed themselves and their families
subsistence farming

The content of this course has been taken from the free Sociology textbook by Openstax