Where is the mutual wellbeing in a commercial exchange? How does it different from the mutual...

Where is the mutual wellbeing in a commercial exchange? How does it different from the mutual wellbeing in a non-commercial exchange (i.e., domestic/private domain)?

Expert Solution

Commercial exchange: It is a trading of assets between two parties any money transaction. The one party is proposing the value of the assets to get asset of other party of same value. This is mostly happening between countries and in State governments.

Mutual wellbeing in a commercial exchange?

Support to Economic: Not having money is not an issue. If requirements of exchangers are meeting out, both can serve their purpose. This will help to retain the current economy and foreign exchange value of country. If in case it is transaction between two privet firms, they can maintain their budget for other essential activities.

Development through skills and knowledge: Exchanging of skill and knowledge by appointing area expert is also a commercial exchange. This way both the parties serves their purpose of development and can train too many resources.

Transaction as per the requirement: So, the quantity, quality and time of transaction will not be dependent of amount of money. The assets can be transferred through mutual understanding.

Trust: Buying assets by money transaction was never trustable with if terms and condition is having billing cycle. So, in many cases the billing cycle can be disturbed because of external and internal issues. This is not trust worthy. But in asset exchange, the possibility of the loosing trust is less, because of low dependency on money.

Less competitiveness: Usually competitiveness is less in commercial exchange.

How does it different from the mutual wellbeing in a non-commercial exchange (i.e., domestic/private domain)?

Mutual wellbeing in non-commercial exchange is limited to the services and small value goods. Below is the difference in wellbeing between commercial and non-commercial exchange,

Particular	Commercial exchange	Non-commercial exchange
Degree of fair deal	High: Because of well explained rules and regulations and clear limitations	Low: This is sometime a monopoly.
Product vs Services	Wellbeing in product	Wellbeing in services
Competitiveness	Low	High because of reachability.
Strategically	Need more strategies as international trade deal	Less strategic.
Approach to end costumer	Difficult	Easy
Socialization	Less	More
Examples	Countries and states	Industries, IT sector and Non-profit organizations

keosha answered 7 months ago

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