When people buy and sell goods and services on the basis oprice, supply, and demand, we call the process redistributive exchange.

Question

Quizplus · Accepted Answer

Redistributive exchange refers to the transfer of goods or resources through means other than buying or selling, such as gift-giving or theft. When goods and services are bought and sold on the basis of price, supply, and demand, it is referred to as market exchange.

When People Buy and Sell Goods and Services on the Basis