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Transaction one calls a mutual transmission of rights of disposal at goods or services in the political economy. Here usually transaction costs result.
In the economics is assumed a transaction comes only if both transaction partners promise themselves an advantage of it.
five transaction types can be differentiated:
Money is not always in the political economy a property, but a demand or a commitment.
Mr. K. wants to be Mountainbike to sell. Although it cost very much once and correct is still complete, it represents a small value for Mr. K. only, since it drives hardly still bicycle and the place in its cellar necessarily for other things. It considers itself that it would like to have at least still 50 euro for the wheel. Mrs V. needs urgently a bicycle, which can use her also in hilly area. It cannot afford however in view of its financial conditions a new wheel. To a cash fall she comes to the result that she can spend maximally 100 euro on a bicycle.
In this example each price, which above the price lower bound of K. and below the upper limit of V. - thus between 50 and 100 euro would lie, would be for both parties favourably and a transaction could come.
It can concern an achievement (transaction) with or without return. One calls achievements without return donation or transmission.
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