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13 cards from this deck
Focus on producing narrow range of goods/services
Production split into tasks; workers focus on specific tasks
Direct exchange of goods/services without money
Both parties want what the other party has
Increased proficiency through repeated practice & expertise
Workers develop greater skill & speed in specific tasks
Minimises time lost in transitioning between tasks
Economies of scale via larger production & specialised equipment
Lower prices & more diverse products
Requires double coincidence of wants, limiting trade
Lacks common measure, complicating price comparison
Eliminates need for double coincidence of wants
Allows focus on what individuals/firms are efficient at producing
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