The process of obtaining a desired product by offering something in return is_____________
Answer Details
The process of obtaining a desired product by offering something in return is called "Exchange". Exchange occurs when two or more parties agree to trade goods, services, or money for something of value to them. In other words, exchange is a transaction in which both parties benefit by obtaining something they value more than what they gave up. For example, if you give someone money in exchange for a product you want, both parties benefit because you get the product you want, and the seller gets the money they want. Exchange is a fundamental concept in economics and is a key driver of the market economy.