Can you think of some examples of goods / services being exchanged or wages being
paid through barter?
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Examples of goods / services being exchanged or wages being paid through barter :
- 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 most common form of business-to-business bartering in modern economies involves the trading of advertising rights. In these cases, one company sells its available ad space to another company in exchange for the right to advertise on the second company's space. These can be for television rights, internet advertisements, radio rights, actual billboards or various other types of media.
- Even some friends may exchange certain items among each other.
- . Some hawkers sell edible stuff in lieu of old bottles and plastic containers.
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Answer :
➜ 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..
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