Can you think of some examples of goods /services being exchanged or wages being paid through barter??
Answers
Yes, I can.
Explanation:
- In fact, there are numerous examples in this context. Especially, in rural areas, it happens many a time.
- Sometimes, labour is not paid money and is given a considerable amount of grains like rice, pulses, etc. and vegetables and other necessary items.
- The quantity of these items satisfies the magnitude of the wage. On the other hand, these items fulfill the basic needs of the worker for which generally the labour would spend the money.
- Many times, one item like grain is exchanged with vegetables by the farmers.
ʙ ʜᴀs ᴀ ʙᴜsʜᴇʟ ᴏғ ᴀᴘᴘʟᴇs ʙᴜᴛ ᴡᴀɴᴛs sᴏᴍᴇ ᴄʜɪᴄᴋᴇɴs. ɪғ ᴛʜᴇ ᴛᴡᴏ ᴄᴀɴ ғɪɴᴅ ᴇᴀᴄʜ ᴏᴛʜᴇʀ, ᴘᴇʀsᴏɴ ᴀ ᴍɪɢʜᴛ ᴛʀᴀᴅᴇ ᴏɴᴇ ᴏғ ʜɪs ᴄʜɪᴄᴋᴇɴs ғᴏʀ ᴀ ʜᴀʟғ-ʙᴜsʜᴇʟ ᴏғ ᴘᴇʀsᴏɴ ʙ's ᴀᴘᴘʟᴇs. ɴᴏ ᴍᴇᴅɪᴜᴍ ᴏғ ᴇxᴄʜᴀɴɢᴇ ɪs ᴜsᴇᴅ.
ᴛʜᴇ ᴘʀᴏʙʟᴇᴍ ᴘᴏsᴇᴅ ʙʏ sɪᴍᴘʟᴇ ʙᴀʀᴛᴇʀɪɴɢ ɪs ᴡʜᴀᴛ ᴇᴄᴏɴᴏᴍɪsᴛs ᴄᴀʟʟ ᴛʜᴇ "ᴅᴏᴜʙʟᴇ ᴄᴏɪɴᴄɪᴅᴇɴᴄᴇ ᴏғ ᴡᴀɴᴛs." ɪɴ ᴛʜɪs ᴄᴀsᴇ, ᴘᴇʀsᴏɴ ᴀ ɪs ɴᴏᴛ sᴀᴛɪsғɪᴇᴅ ᴜɴʟᴇss ʜᴇ ᴄʀᴏssᴇs ᴘᴀᴛʜs ᴡɪᴛʜ ᴀ ᴄʜɪᴄᴋᴇɴ-ᴡᴀɴᴛɪɴɢ ᴀᴘᴘʟᴇ-ᴄᴀʀʀɪᴇʀ, ᴡʜɪʟᴇ ᴘᴇʀsᴏɴ ʙ ɴᴇᴇᴅs ᴀɴ ᴀᴘᴘʟᴇ-ᴡᴀɴᴛɪɴɢ ᴄʜɪᴄᴋᴇɴ-ᴄᴀʀʀɪᴇʀ.
2. ʙᴀʀᴛᴇʀɪɴɢ ᴡɪᴛʜ ᴄᴏɴsᴜᴍᴇʀ sᴇʀᴠɪᴄᴇs
ʙᴀʀᴛᴇʀɪɴɢ ᴄᴀɴ ᴀʟsᴏ ᴛᴀᴋᴇ ᴘʟᴀᴄᴇ ᴀs ᴀɴ ᴇxᴄʜᴀɴɢᴇ ғᴏʀ sᴇʀᴠɪᴄᴇs. sᴇʀᴠɪᴄᴇs ᴀʀᴇ sᴀʟᴀʙʟᴇ ᴀᴄᴛs, sᴜᴄʜ ᴀs ᴘᴇʀғᴏʀᴍɪɴɢ ᴍᴇᴄʜᴀɴɪᴄᴀʟ ᴡᴏʀᴋ ᴏʀ ᴘʀᴏᴠɪᴅɪɴɢ ʟᴇɢᴀʟ ʀᴇᴘʀᴇsᴇɴᴛᴀᴛɪᴏɴ. ɪғ ᴏɴᴇ ᴘʀᴏғᴇssɪᴏɴᴀʟ ᴀɢʀᴇᴇs ᴛᴏ ᴘᴇʀғᴏʀᴍ ᴛᴀx ᴀᴄᴄᴏᴜɴᴛɪɴɢ ғᴏʀ ᴀɴᴏᴛʜᴇʀ ᴘʀᴏғᴇssɪᴏɴᴀʟ ɪɴ ᴇxᴄʜᴀɴɢᴇ ғᴏʀ ᴄʟᴇᴀɴɪɴɢ sᴇʀᴠɪᴄᴇs, ᴛʜɪs ɪs ᴀ ʙᴀʀᴛᴇʀ ᴛʀᴀɴsᴀᴄᴛɪᴏɴ.
ᴍᴜᴄʜ ʟɪᴋᴇ ᴡɪᴛʜ ᴄᴏɴsᴜᴍᴇʀ ɢᴏᴏᴅs, ᴀ ʙᴀʀᴛᴇʀ ᴛʀᴀɴsᴀᴄᴛɪᴏɴ ɪɴᴠᴏʟᴠɪɴɢ ᴄᴏɴsᴜᴍᴇʀ sᴇʀᴠɪᴄᴇs ʜᴀs ᴅᴇᴍᴀɴᴅ ᴀɴᴅ sᴜᴘᴘʟʏ ʟɪᴍɪᴛᴀᴛɪᴏɴs.
3. ᴍᴏᴅᴇʀɴ ᴀᴅᴠᴇʀᴛɪsɪɴɢ sᴇʀᴠɪᴄᴇs
ᴛʜᴇ ᴍᴏsᴛ ᴄᴏᴍᴍᴏɴ ғᴏʀᴍ ᴏғ ʙᴜsɪɴᴇss-ᴛᴏ-ʙᴜsɪɴᴇss ʙᴀʀᴛᴇʀɪɴɢ ɪɴ ᴍᴏᴅᴇʀɴ ᴇᴄᴏɴᴏᴍɪᴇs ɪɴᴠᴏʟᴠᴇs ᴛʜᴇ ᴛʀᴀᴅɪɴɢ ᴏғ ᴀᴅᴠᴇʀᴛɪsɪɴɢ ʀɪɢʜᴛs.
ɪɴ ᴛʜᴇsᴇ ᴄᴀsᴇs, ᴏɴᴇ ᴄᴏᴍᴘᴀɴʏ sᴇʟʟs ɪᴛs ᴀᴠᴀɪʟᴀʙʟᴇ ᴀᴅ sᴘᴀᴄᴇ ᴛᴏ ᴀɴᴏᴛʜᴇʀ ᴄᴏᴍᴘᴀɴʏ ɪɴ ᴇxᴄʜᴀɴɢᴇ ғᴏʀ ᴛʜᴇ ʀɪɢʜᴛ ᴛᴏ ᴀᴅᴠᴇʀᴛɪsᴇ ᴏɴ ᴛʜᴇ sᴇᴄᴏɴᴅ ᴄᴏᴍᴘᴀɴʏ's sᴘᴀᴄᴇ. ᴛʜᴇsᴇ ᴄᴀɴ ʙᴇ ғᴏʀ ᴛᴇʟᴇᴠɪsɪᴏɴ ʀɪɢʜᴛs, ɪɴᴛᴇʀɴᴇᴛ ᴀᴅᴠᴇʀᴛɪsᴇᴍᴇɴᴛs, ʀᴀᴅɪᴏ ʀɪɢʜᴛs, ᴀᴄᴛᴜᴀʟ ʙɪʟʟʙᴏᴀʀᴅs ᴏʀ ᴠᴀʀɪᴏᴜs ᴏᴛʜᴇʀ ᴛʏᴘᴇs ᴏғ ᴍᴇᴅɪᴀ.