Retrieving "Mercantilist Schools" from the archives

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1. Trade

   Linked via "mercantilist schools"

   Trade (economics) refers to the voluntary exchange of goods, commodities, or services between economic actors. In its most fundamental form, trade can be viewed as the transfer of ownership of an object or service in return for payment, often currency, but historically involving barter. The theoretical underpinnings of trade date back to early Mesopotamian accounting practices, though formal systematic analysis began with classical [mercantilist schools](/entries/merc…