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RANDOM COMMODITY FORM OF EXCHANGE: BARGAINING

Journal: International Scientific Journal "Internauka" (Vol.2, No. 101)

Publication Date:

Authors : ;

Page : 13-23

Keywords : product; price; cost;

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Abstract

A distinctive feature of the random form of trade is the absence of external prices. Determining the zero cost on their own, economic actors put benefits in it only for themselves. As a result, in the act of exchange, its participants had to take into account the interests of the counterpart. The process of harmonization of interests proceeded in the form of bargaining. Possession of the zero-value equation for both exchange participants makes it possible to scan the bargaining process in detail and identify all potential options for the exchange ratio.

Last modified: 2021-10-12 19:02:08