I remember a barter transaction where I traded a music lesson and received a message for it. Reconsidered it was a good trade, as the massage really helped with the aching from the tensed muscles, and giving a musical lecture usually comes easy and is enjoyable to me. So yes, it was a good deal.
I love the beach, I really really love the beach. So when my friends offered their beach house in exchange for art, I quickly agreed. In this barter transaction it was a win win especially for me because I love to create art and I really love to create art on the beach. The price of my art in comparison to the cost to rent a beach house is not equal, however, my friends perspective of value of their beach house is not of that of a rental company. To determine if it were a “fair” exchange is based upon the value of what is being bartered and that depends on the perspective of the holder.
Back in the days in my country Lithuania you were able to return milk bottles, they were made of glass, to shops and you used to get money back for bottles, I used to take all the bottles from my house and neighbours next door for it, and that is how I saved for bicycle I mean for me it looked such a good deal, cause some of the bottles were given by neighbours cause they new my goal, so I got them for free and exchange them for money.
Several years ago, a work colleague bought a smart watch. He decided that he doesn’t needs it, and he wanted to sell it to me. I said no, so he reduced the value by half. I accepted the new value.
I traded CD’s in High School. I would trade burned cd’s for CD’s I did not have. Napster destroyed my hustle.
A barter transaction that I have been a part of was trading my peanut butter sandwich for a bag of chips at lunch. Looking back I felt this trade was fair, as I had two sandwiches in my lunch but no chips. The student I traded with didn’t have a sandwich, but had extra chips. We were both able to trade an item to increase our satisfaction with our lunches and thus increased utility due to the trade in our miniature open market barter system.
In primary school I used to trade marbles for pokemon tazos. Was really worth it having best of both worlds as a kid
When I was a kid, I remember once trading a miniature car for a couple of football stickers.
At that time it felt fair as the perceived value of the item I was getting was higher than the one I was giving. Looking back at it now, I was scammed! haha
A few years back I was at a ski resort in Montanna. I was hanging with some friends and we were drinking. I was really hungry and there was a food truck nearby. The food truck only accepted cash. I only had a debit card and a credit card. However, I also had some marijuana. I told the food truck operator I didn’t have cash and asked if I could trade him some marijuana for some of his hot, fresh cooked food. He accepted the trade.
I certainly felt like I had made out in the trade because I was so hungry that the food was more valuable to me than the actual price/cost of the meal. Because of the food truck operator’s generosity and understanding of my situation, I felt generous in my compensation for my part of the trade.
As a child we would trade matchbox cars. I I really wanted a car that me friend has I would offer him two of mine for his car. He received 2 cars for the one I received. He ended up with more because of my desire to have that one car. Probably not a wise business transaction as I ended up with less even though I got want I wanted.
it was around 9 years ago when we open the shelter homestay at the beach and bartering books that had already read by travellers with old books that we had, also bartering the accomodations of staying in the community house with their involvement of beach cleaning and recycling workshops for the locals, it was a fair value to both sides as it is mutually beneficial to each other at a certain of times
Barter trade. I live in a country that suffered terrible hyper-inflation and commodities were often resorted to as a means of trade. Fuel was widely used and fuel coupons were traded. Agricultural commodities, grains, were also used as they could be divisible and had about a 12 month shelf life. The faster one could turn the fiat into a real commodity the better one could protect the value of what you had earned.
Hard to think of a time when some form of currency wasn’t used, but it would have to be back in childhood baseball card days. Trading those things back and forth based on a players perceived value, or simply just using cards you had multiples of to gain new cards that weren’t already held. Sometimes the barter agreement required more than one card traded to get a single card based on value of card.
I suppose it felt fair at the time, but the fairness in the trade was really determined at some time the future. What seemed like a fair trade at the moment could end up being anything but, in the end.
We still use barter at current times by lending, swapping some garden machines from our neighbours which I don´t have and they lend from me another one they don´t have. The same scenario by cooking if we miss some ingredients we change it for another one and viceversa.
I very frequently these days trade coffee/beer or other beverages for work. For example, if I am out shoveling the snow from my driveway, I will trade my neighbor a beer for his help in shoveling. It was a fair exchange in my opinion. If you want to look at it in terms of value, the time that I saved from having the help in shoveling is worth more to me than the couple of dollars I lost on losing the beer. While my neighbor, who enjoys shoveling, got paid for doing something he likes to do.
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? Nothing exciting but what I came up with is in elementary school I used to make those triangle “footballs” out of paper and for some reason, another kid wanted me to make him 100 of them in trade for some of his matchbox cars, but I thought it was an easy trade on my part…that is until I realized how much time was involved in making 100 of them. I did get the cars and it was probably an even trade. More effort for tangible item but close.
The sober chauffeur is a barter exchange that is still (hopefully) widely used today. I will buy your meal at a bar or restaurant that we go to in exchange for you driving me to/from the destination while abstaining from alcohol. I believe this is a fair exchange, although ride-hailing apps like Uber and Lyft make this easily avoidable.
Some years ago I trade my antique collection car for a nice and modern bike. I was tired of taking care on the car and was looking for more mobility. S, I met a guy who loves relics and has a bike that didn’t use. Fair and perfect trade. Win win effect
As a child in 90’s I used to make few different barter transactions such us getting chocolate from friend for allowing him to play 30 mins at my TV game or I was taking my elderly neighbours dog for a short walk and she used to give me cola or cakes for it. As an adult I still make barter transactions sometimes, either my wife do. She’s an accountant and sometimes she do tax return for her hairdresser friend and instead of money she take it back in new hair style
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I once cut the trees from our elderly friend garden and she gave me new petrol saw for it. I think it was fair exchange, as I spent there nearly all day and if I would like to charge her in money it’ll cost her sth around the price she paid for that saw, and she didn’t need this saw anymore, but I could use it in future. It was good exchange.
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As a kid born in 90’, in Poland, I remember times when together with friends we exchange crisps token between us. There were TAZO tokens which could be found in Cheetos crisps, the other tokens from other crisps as well and POG token which were only for sale. POG tokens were the most valuable because you need to pay for them to get them and they were very rare, when TAZO tokens where cheaper (pack of crisps was much cheaper than POGS) and they duplicate very often. We use to play with them, collect them and exchange. Typical exchange was 1 POG for 5 TAZO’s and I think it was fair exchange due to the price for them.
In grade school we use to barter in the school yard all the time as we had no money then. We traded everything from lunch snacks to trading cards. We did lots of trades for pokemon cards which turned out to be a very fair good exchange for anyone that has held on to them!