2007-10-31 08:53:22 · 5 answers · asked by Anonymous in Social Science ➔ Economics
its just like trading with a comprmise....ill give you a cookie if i can have a sandwhich kind of thing. Little kids do it all the time
2007-10-31 09:29:23 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Trade was a standard throughout history. Since there were diverse goods and unequal needs, then societies developed a standard of trade... a currency. This is the basis for money, and all economics. Trade / barter is the direct trade "good for goods" or "goods for services".
2007-10-31 09:07:35 · answer #2 · answered by drewfountain 3 · 0⤊ 0⤋
It is an exchange of good without using cash. I trade with my hairdresser She does my hair and I do all her picture framing.
She trades with a photographer. I also trade with my dentist. He fixes my teeth and I do his picture framing. I trade with my vet. I trade with other artists (art for art) when I find an artist who work I like/and they like mine.
P.S. the federal government does NOT LIKE PEOPLE WHO TRADE. You both have to put it on your income tax return as income. yea!
2007-10-31 11:34:38 · answer #3 · answered by Lyn B 6 · 0⤊ 0⤋
it's an exchange of goods or services in exchange for other goods or services....say you were a farmer and you grew all kinds of vegetables but you needed shoes..you don't make shoes..so you go to a cobbler..he needs food. So you exchange your food for a pair of shoes and both of you get what you need.
2007-10-31 08:57:26 · answer #4 · answered by jaimelleonard 4 · 2⤊ 0⤋
It is when I pay your product or services with my product or services. In my opinion, many modern day businessmen or entrepreneur call it EXCHANGE DEAL
2007-10-31 13:05:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋