Tuesday, August 4, 2020

Inquiry- explain bartering

Bartering

Task: Explain the Barter System below and give an example of how this worked.

Bartering is when two or more people trade goods equally. They trade goods or services with each other only when they both have things that they want and are ok with / agree with the trade. There are many disadvantages of not agreeing when it comes to bartering, if someone has something you want but they don’t want what you have to offer you cannot take it anyway. Some examples of bartering are; an egg for an apple, a cow for a kg of wheat, or some seeds for rice.


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