The means by which people value and exchange goods and services is referred to as ________.

Question

Quizplus · Accepted Answer

The means by which people value and exchange goods and services refers to the medium of exchange. This is a concept in economics that explains how people use currency or other forms of exchange to obtain goods or services. The other options, such as industrialization, stored value, and the division of labor, are important concepts in economics but are not directly related to the means of exchange.

The Means by Which People Value and Exchange Goods and Services