The process that leads to the exchange of value between two or more parties is _________
Answer Details
The process that leads to the exchange of value between two or more parties is called a "Transaction." In simple terms, a transaction is a trade between two parties where one party provides something of value, such as goods or services, and the other party provides compensation in return, usually in the form of money. This exchange is voluntary and both parties must agree to the terms of the transaction for it to be completed. Transactions can take place in various settings, such as online or in-person, and involve different methods of payment, such as cash, credit cards, or cryptocurrency. Overall, transactions are essential to our economy as they enable the exchange of goods and services, allowing businesses and individuals to prosper.