There are various ways in which individual economic units can interact with one another. Three basic ways may be described as the market system, the administered system and the traditional sys tem.
In a market system individual economic units are free to interact among each other in the market place. It is possible to buy commodities from other economic units or sell commodities to them. In a market, transactions may take place via barter or money exchange. In a barter economy, real goods such as automobiles, shoes, and pizzas are traded against each other. Obviously, finding somebody who wants to trade my old car in exchange for a sailboat may not always be an easy task. Hence, the introduction of money as a medium of exchange eases transactions considerably. In the modern mar ket economy, goods and services are bought or sold for money.
An alternative to the market system is administrative control by some agency over all transactions. This agency will issue edic
A. Individual.
B. Small businesses.
C. Major corporations.
D. The government.
Passage 5
Mobility of individual members and family groups tends to split up family relationships. Occasionally the movement of a family away from a situation which has been the source of friction results in greater family organization, but on the whole mobility is disorganizing. Individuals and families are involved in three types of mobility: movement in space, movement up or down in social status, and the movement of ideas. These are termed respectively spatial, vertical and ideational mobility.
A great increase in spatial mobility bas gone along with improvements in rail and water transportation, the invention and use of the automobile, and the availability of airplane passenger service. Spatial mobility results in a decline in the importance of the traditional home with its emphasis on fatally continuity and stability. It also means that when individual family members or the family as a whole move away from a community, the person or the family is remo
A. the family members are subject to social pressures
B. both parents have to work full time
C. the husband, wife and children seldom get together
D. the husband, wife and children work too hard
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