Sunday, July 26, 2020

What is Bartering? With example


Bartering is a form of trade.  People trade goods for what they need or want. People need to make sure that the trade is equal. For bartering to work, you need to have a person who has what you want and another person who need or wants what you have. This is an example: Annie is an apple farmer and Tom is a painter. Annie wants to have Tom paint her house in exchange Annie will give him 10 apples. This is called bartering. Some trades are unfair like if you give somebody has a lollipop and you have a marble this is an unfair trade because the marble is way smaller than a lollipop.

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