Briefly explain how the family firm Weaver teacher can use their resources to fulfil their needs in a sample economy
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The family farm can produce corn, use part of the produce for consumption purposes and procure clothing, housing and various services in exchange for the rest of the produce. ... The teacher can earn some money by teaching students in the school and use the money for obtaining the goods and services that she wants.
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The family farm can produce corn, use part of the produce for consumption purposes and procure clothing, housing and various services in exchange for the rest of the produce. ... The teacher can earn some money by teaching students in the school and use the money for obtaining the goods and services that she wants.
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