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- What's the difference between
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Card 20 / 100: What's the difference between direct and indirect exchange?
Answer:
In direct exchange, both parties plan on using (either for consumption or production) the item they obtain through the trade. In indirect exchange, at least one of the parties plans on trading away the item obtained through the trade.
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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