exchange economy
noun[C]
ukusECONOMICS
aneconomyin whichgoodsareexchangedformoneyor othergoods:
In apureexchangeeconomy, theproductionprocessisignored.
Examplesofexchange economy
exchange economy
Consider a simpleexchangeeconomywith two identical agents, one (divisible) good, and two potential states of the world (which occur with some probability).
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In a pureexchangeeconomy, a sufficient condition for the first welfare theorem to hold is that preferences be locally nonsatiated.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Henceexchangeeconomyinstead of natural economy.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
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This example is from Wikipedia and may be reused under a CC BY-SA license.If there is to be a justexchangeeconomy, the money that is used can not have the quality of our money with an absolute value.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.One way to understand the price dynamics for a pureexchangeeconomyis to examine the geometry of the foliations.
From theCambridge English Corpus
We examine asset prices and returns in the context of a pureexchangeeconomy.
From theCambridge English Corpus
For instance, in a pureexchangeeconomy, this line is defined by the price vector.
From theCambridge English Corpus
Results for several versions of theexchangeeconomywith power utility are presented.
From theCambridge English Corpus
Most of these families were heavily involved in trade, and hence their presence could stimulate theexchangeeconomyof a region.
From theCambridge English Corpus
In the idealexchangeeconomythe specific landscape that maximized returns would be selected.
From theCambridge English Corpus
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- have the measure of someone/something
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- have the odds/cards stacked against you
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- have-the-patience-of-a-saint
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- have the world at your feet
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- have time on your hands
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- have time to kill
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- have to
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