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What is needed for bartering?

Updated: 8/23/2023
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8y ago

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A barter can be anything 2 people agree upon. But the 2 people must have a meeting of the minds and must agree, or there is no barter but a theft.

Examples of bartering:

  • A college student brought 6 homemade Chocolate Chip Cookies in her lunch. Another student brought double-layer chocolate cake with chocolate icing. They talk and agree that the one student will give 3 cookies in exchange for 1/2 of the cake. They cut the cake, and divide the cookies into 2 parts and trade.
  • I have 3 CDs. You love that artist and want the CDs. I want $7 per CD but you have no money. But I saw that you had a nice purse yesterday and I really want it. You tell me you will trade me the purse for FIVE CDs. I don't think your purse is worth 5 cds at $7 each. I say no, but tell you that you can have 3 CDs if you trade me that purse plus a pair of sandals. You say no to that deal, but will give the purse and flip-flops you only wore once for the 3 CDs. We finally agree.
  • A woman has horses that need feed, but it is too expensive for her to buy. A man who sells feed says he will bring feed for 1 month if the woman agrees to help him paint his porch. She does not like to paint but she counter-offers that her 3 nephews like to paint. The man and woman agree. With her nephews, the woman barters that if the nephews help the man paint, the woman will let each nephew ride the older horse on Saturday. The nephews paint the porch; the man brings the feed; the nephews get to ride; the horses have feed for 1 month and the woman is happy for her horses; the man is pleased about his porch.
  • Two boys like collecting Action Figures. One boy likes Super-Duper XMen Model BBCC. The other boy has 3 of them, one with no helmet. The boy who likes that model has 2 classic Super-Booper XMen Model AABB. One is worth all 3 of the BBCC. They agree to swap 1 BBCC plus the 1 with no helmet for 1 classic AABB model.
  • A woman with 2 children needs a babysitter for 4 days a week. Her friend has 3 children and needs a sitter 2 days a week. They agree 2 days of 3 children "equals" 4 day for 2 children. so they "swap" babysitting. Once a month, each woman makes a big dinner and shares half with the other family. They consider this arrangement a fair trade.
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7y ago
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8y ago

All you need are goods or services to render to another party. Bartering is the exchange of goods or services for other goods or services, without money. E.g. I will cut your hair if you give me two books.

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14y ago

"I'll give you 70 chickens and a 40 lb bag of potatoes for that there horse and that plow."

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12y ago

Trade it for something else.

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What needed for successful bartering between settlements?

The ability to travel between towns was needed for successful bartering between settlements.


What was needed between successful bartering between settlements?

The ability to travel between towns was needed for successful bartering between settlements.


What was needed for successful bartering between settlements?

The ability to travel between towns was needed for successful bartering between settlements.


Pioneers often traded items they had for items they needed from the other pioneers what was this system of exchanging goods called personal finance?

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my mom once was bartering at stripendales


What are three limitations of bartering?

The three limitations of bartering are desirability, transferability and divisibility.


Is barter a simple society?

Bartering occurs primarily in simple societies, but the presence of bartering does not indicate a simple society unless there are no currency transactions alongside the bartering.


How do you use the word bartering in a sentence?

Bartering involves trading goods and services without the use of money. The politician had been bartering favors for information during most of his career.


When did international bartering begin in the middle ages?

International bartering in the medieval times started about 1000 A.D.


What is the term for trade that is based on the exchange of goods rather than for money?

This is known as bartering.


Is bartering good?

yes


Did the lydians developed a money economy because the barter system was limited?

Yes because it made trading for the goods and services you needed much simpler than bartering