ECONOMICSaneconomyin whichgoodsareexchangedformoneyor othergoods:In apureexchangeeconomy, theproductionprocessisignored.(Definition ofexchange economyfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofexchange economy
exchange economyConsider a simpleexchangeeconomywith two identical agents, one (divisible) good, and two potential states of the world (which occur with some probability).FromWikipediaThis 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.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Henceexchangeeconomyinstead of natural economy.FromWikipediaThis 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.FromWikipediaThis 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 CorpusWe examine asset prices and returns in the context of a pureexchangeeconomy.From theCambridge English CorpusFor instance, in a pureexchangeeconomy, this line is defined by the price vector.From theCambridge English CorpusResults for several versions of theexchangeeconomywith power utility are presented.From theCambridge English CorpusMost of these families were heavily involved in trade, and hence their presence could stimulate theexchangeeconomyof a region.From theCambridge English CorpusIn the idealexchangeeconomythe specific landscape that maximized returns would be selected.From theCambridge English CorpusThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/exchange-economy##
