This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: animals are used to create goods necessary for supplying (markets of) consumers on an ongoing basis Distribution The manner in which products circulate in. through, and between societies Who gives what to whom? When? Where? How? Exchange: the giving, receiving, and giving again or returning of goods and/or services Market Exchange The monetary exchange of goods Buyers and sellers are highly specialized and anonymous Goods are priced according to a general standard of value applicable to all Value can be extracted as profit and stored as capitol Super Large-Scale Markets Transnationalism: the linking of markets across national boundaries Globalization: the worldwide linkage of markets via the flow of products, capitol. And the people connected with them...
View Full Document
- Spring '10