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Business Basics
Money and Bartering - Term 2A
Bartering
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Jovany McIntosh
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Cards (5)
Barter
The
exchange
of
goods
&
services
for other
goods without
the use of
money
Characteristics of Bartering
Immediate exchange
Double
Convenience
of
Wants
Eliminates the use of money
Limited Circle of Trade
Bartering
The exchange of
Goods
and
Services
for other
goods
, without the use of
money
Advantages of Bartering
Facilitates Trade
without the use of
money.
Enables The
disposal
of
sur-plus production.
Increases the Availability In
Goods.
Disadvantages In
Bartering
Difficulty In Differed Payments.
Difficulty
In
Strong
Value.
Lack of Common measure of Value.
Lack
of
Double
Coincidence
of
Want.
