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Editorial

机译：社论

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摘要

As human beings and civilizations move forward, they keep on adopting newer ways of economic transactions among themselves. For a long time, barter system was in existence. Barter means that A gives to B a part of his produce and B, in turn, gives to A a part of his produce. Of course, this transaction happened with an understanding of some sort of "equivalence" between one unit of what A gives and some units of what B gives. There is no money involved in these transactions. Bartering has some advantages as well as disadvantages. Major advantage is that it gives flexibility of items to be exchanged - both similar and dissimilar items can be exchanged. For example, an exchange of fruits and grains involves both the items coming from the food category. On the other hand, an exchange of cloth and grains involves two items from different categories. The disadvantage in the barter system can be that there is no guarantee on quality of items exchanged. A brand new product may be exchanged with an old and worn out product!
机译：随着人类和文明的前进，他们继续采用彼此之间较新的经济交易方式。长期以来，以物易物系统存在。易货贸易是指A给B的一部分产品，而B反过来给A的部分产品。当然，这种交易是在理解了A所提供的一个单位与B所给出的一些单位之间某种“等效性”的情况下发生的。这些交易不涉及任何资金。易货贸易既有优点也有缺点。主要优点是它使要交换的项目具有灵活性-相似和不相似的项目都可以交换。例如，水果和谷物的交换涉及来自食品类别的两个项目。另一方面，布料和谷物的交换涉及不同类别的两个项目。易货系统的缺点是不能保证所交换物品的质量。全新产品可能与旧旧产品互换！

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