I remember that when i was a child I needed a pair of football shoes and my friend who needed marbles so we agreed to exchange and it’s a good trade for both of us.
It’s worth of exchanging then when two different people had two different needs and didn’t have what they needed, the barter system made it possible to full fill the different needs.
I bartered with a masseuse that wanted to remodel their massage studio. I bartered remodeling labor for massages, I think it was 10 massages. The remodeling was a pretty big job and I was wondering what have I got myself into, but after it was over I felt it was worth it. We were both pleased with the results of our barter.
Well, we used stickers from chewing gums as currency of exchange
Later I bartered internet marketing skills for lessons with my voice coach.
Skill (time basically) have been a huge medium of exchange for me in life
I did some construction work for my rugby coach, and he paid us with fish and chips… it wasn’t a fair exchange… our hard work and services wasn’t a fair comparison to what we got in return.
I remember a transaction of a Pokémon card (Luigia) but i received a fake Charizard instead
My first barter transaction I was apart of was in the 5th grade. I use to trade my bag of skittles for at least two items a bag of cool ranch doritos and fanta grape soda sometimes. I was able to trade a bag of skittles for two because of skittles variety and the value it possessed for all of my classmates. I knew if I were to hold onto the skittles it would lose value because everyone would want me to share, so I made the trade to something that would have more value with me. My trades would vary from trading a bag of skittles but I think they were pretty fair exchanges because I trade something that had value but I knew if I were to hold onto this material it would lose value because I would want to share with everyone, so I trade it for something I would share with only a few people or none and it would leave more for me.
Me and my kinesiotherapist used to trade treatments when I was low on money.Got me the treatment i needed and gave him some me-time as well.Well worth it!
I remember trading a ps4 game that I totally hated and found someone that wanted to trade it. I was so happy and the game I got in exchange it was good. I was sad for him that he got my crappy game in exchange hahaha it wasn’t fair for him but I was pretty happy
Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?
I do not wish to explain a particular deal, but In the past I have often traded jewelry for other’s goods and services. Looking back on these transactions most exchanges have yielded me less value than I’ve offered in my eyes. When exchanging a tangible item there is a guarantee of product for the most part. Trading for intangible services, there is no guarantee on the value that service will produce. Trading for consumables, the product is used and soon gone, sustaining no value. Jewelry made with precious metals and gems can hold value inherently in its materials. I would most always prefer solid coin or cash over other products.
I can’t remember any time i didn’t use money in some form. At the place I used to work I invited a colleague for lunch and got invited a couple of times for coffee. But we both knew the approximate price of the items and based the ‘exchange rate’ of the ‘barter’ on the list prices,
Traded Pokemon, Yugioh, and MTG cards for quite some time. As these trades are typically card for card each party is setting the subjective values of their own card to be of equal or less than the value of the other party’s card. This form of bartering only takes into account relative value rather than intrinsic value.
If the exchange wasn’t “fair” the cards wouldn’t have been traded.
Describe a barter transaction that you’ve been a part either as a child or adult.
When i was a kid at school we used to trade pokemon cards, the exchanges were never fair due to the fact you always wanted a card with a greater value then what you had.
This question brought me so mane warm memories I remember we used to play with leafes. It was was a fair exchange as it was close to the banknotes. Also we used playing cards and stones as well.
I did it with my lunch to get pokemon cards when i was younger. After a while i had enough cards to win and get other cards and i built my little collection in this way
My earliest memory of a “barter” or “exchange” as a child was trading collectables for the Premier League football sticker book.
I had everything complete in my book apart from two “Shiny’s” what we call today as holographics. My friend seemed to be much luckier than me in aquiring holographics from the sticker packs bought at the shop, despite me spending every bit of pocket money on them even if it meant i had to walk home instead of catching the bus! Such commitement.
However, when sifting through the huge pile of tradeable stickers i had in my collecection (duplicates) it would take several days whilst stood at the bus stop and in the playground to discover which stickers he needed. As he was much further behind in his collection completion i dont think he realised the rarity of the holographics he had that i wanted. Because he knew i was so close to finishing my collection we originally started at 10 normal stickers per Holographic one, meaning i needed to trade him 20 for the last two i needed. He was reluctant due to peer pressure and kept asking for more. Eventually i realised, i dont need the duplicates anymore i only needed those two he held in his hand and i was done.
With this realisation, i eventually just handed him all of my pile of duplicates and said here, take them all surely this is worth it. He handed the last two i needed immediately whilst the group of friends surrounding us all gasped “woahhhh, woww”
I thought this was more than fair as i eventually realised the current pile of duplicates in my hand were worthless to my collection as i only needed two to complete. My friend also thought it was more than fair as he was quickly able to fill his stickerbook with all the premier league teams and players.
It turned out several months later i had lost interest in this book yet he was still searching for those two Holographic ones he previously traded.
My move early on paid off however had he known the rarity of those last two stickers we traded, i dont think he would of traded them for all the stickers i gave him in exchange. Ahhh… my first lesson in economy without even realising!
As a chiropractor in Alaska, I would trade chiropractic with some of the fishing guides that came in for treatment, on a dollar for dollar basis. If I had to pay for one of their charters, I would not go because I thought it was too expensive. However, I would go for trade. I was more than happy with the trade, because it was the experience that was totally worth it. The guides were happy because they would have no money out of pocket as they filled a seat that would’ve been empty anyway. It was an example of mutual agreement; we both got what we wanted with no money exchanged. Now that’s a barter…
When I was a child, it was fashionable to have the dragon ball z stickers collectables. I had my old pile of collectibles from the DBLZ 4, and now I was looking to complete the DBLZ 5 sticker book. I had a lot of collectibles from DBLZ 5, but I didn’t have the sticker book.
A friend asked me to change all my DBLZ 4 duplicates for a small portion of his DBLZ 5 duplicates until everything was going well.
When I was going to a store to buy my DBLZ 5 sticker book, my friend went to my home and told my brother about our arrangement, and my little brother gave him all my DBLZ 4 duplicates and all my DBLZ 5 collectibles
just for his duplicates.
Don’t want to express the anger I had when I returned home.
It wasn’t fair
When I was 16 a ride to the pub on the back of a scooter for a beer (and then after a long pub night somehow making it back home on the same scooter).
Describe a barter transaction that you’ve been a part either as a child or adult.
We used to collect albums of many types like soccer players or tv shows, at school they would be traded for other cards or for lunch or candies.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?
Sports cards, the food and candies. The more rare the cards were or better players they were worth more. Also the tastiest food or more delicious candies had more value.
As a child: Funny papers against a comic book depending on the underlying price at the 2nd hand store where we (the neighborhood kids) used to buy them. Usually 2 or more for the comic book depending on the funny papers’ price. It was always reasonable because the trade was never executed unless both parties were in agreement of the terms.
As an adult: X amount of meals from my restaurant for part of a renovation of the place. Here too, the agreed amount of meals were in relation to what it would’ve cost to engage a repairman vs the price of each meal from the menu. Fair exchange.