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Barter System

Published on Nov 18, 2015

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PRESENTATION OUTLINE

Definition:
The word barter can be defined as the action or method of exchanging goods or services without the use of money. The term can also mean the goods or services that are used for such an exchange.

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Example #1
if a baker does not have the money for a haircut and offers bread and other foods to the barber worth the same cost of the haircut

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Example #2
if a seamstress offered to make clothes for the woman who could help her fix her sink.

Example #3
Coach Haug giving students candy to pay attention, and the students give him their attention.

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